Cibc World Market Inc. Acquires 149,540 Shares of Exxon Mobil Co. (NYSE:XOM)

Cibc World Market Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 721,865 shares of the oil and gas company’s stock after purchasing an additional 149,540 shares during the quarter. Cibc World Market Inc.’s holdings in Exxon Mobil were worth $77,651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of XOM. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the third quarter valued at approximately $51,000. Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $54,000. Harbor Capital Advisors Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $63,000. Finally, Annapolis Financial Services LLC boosted its position in shares of Exxon Mobil by 284.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 567 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $106.82 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $110.36 and a 200 day simple moving average of $115.23. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The stock has a market cap of $469.48 billion, a P/E ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter in the prior year, the business earned $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on XOM shares. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets lowered their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.