Commonwealth Retirement Investments LLC Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Commonwealth Retirement Investments LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,467 shares of the oil and gas company’s stock after purchasing an additional 2,456 shares during the quarter. Exxon Mobil comprises 4.6% of Commonwealth Retirement Investments LLC’s holdings, making the stock its 3rd largest holding. Commonwealth Retirement Investments LLC’s holdings in Exxon Mobil were worth $7,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in XOM. KB Financial Partners LLC purchased a new stake in Exxon Mobil in the first quarter valued at about $27,000. IMA Wealth Inc. raised its position in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $43,000. Turim 21 Investimentos Ltda. raised its position in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. purchased a new position in Exxon Mobil during the third quarter valued at approximately $49,000. Institutional investors own 58.53% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Leonard M. Fox sold 12,000 shares of Exxon Mobil stock in a transaction on Monday, December 18th. The stock was sold at an average price of $102.65, for a total value of $1,231,800.00. Following the sale, the vice president now owns 220,678 shares in the company, valued at $22,652,596.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Exxon Mobil news, VP Leonard M. Fox sold 12,000 shares of Exxon Mobil stock in a transaction on Monday, December 18th. The stock was sold at an average price of $102.65, for a total value of $1,231,800.00. Following the sale, the vice president now owns 220,678 shares in the company, valued at $22,652,596.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey W. Ubben bought 250,000 shares of Exxon Mobil stock in a transaction on Monday, November 6th. The stock was acquired at an average price of $105.97 per share, for a total transaction of $26,492,500.00. Following the transaction, the director now directly owns 2,077,000 shares of the company’s stock, valued at $220,099,690. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $104.81 on Wednesday. The stock’s fifty day moving average is $100.94 and its two-hundred day moving average is $106.42. The firm has a market capitalization of $415.35 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 3.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.42. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on Exxon Mobil in a research report on Tuesday, October 17th. They set an “outperform” rating and a $140.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Thursday, December 7th. Finally, Truist Financial raised Exxon Mobil from a “hold” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $131.00 in a research note on Thursday, October 12th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.35.

Check Out Our Latest Report on Exxon Mobil

About Exxon Mobil

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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