First United Bank & Trust trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,539 shares of the oil and gas company’s stock after selling 280 shares during the quarter. First United Bank & Trust’s holdings in Exxon Mobil were worth $855,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Stonnington Group LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at $422,000. Fragasso Group Inc. grew its holdings in Exxon Mobil by 1.8% in the 1st quarter. Fragasso Group Inc. now owns 10,138 shares of the oil and gas company’s stock valued at $566,000 after buying an additional 182 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Exxon Mobil by 24.2% in the 1st quarter. Sunbelt Securities Inc. now owns 86,453 shares of the oil and gas company’s stock valued at $4,827,000 after buying an additional 16,829 shares in the last quarter. Kaizen Financial Strategies purchased a new stake in Exxon Mobil in the 1st quarter valued at $375,000. Finally, Schroder Investment Management Group grew its holdings in Exxon Mobil by 69.3% in the 1st quarter. Schroder Investment Management Group now owns 316,843 shares of the oil and gas company’s stock valued at $17,689,000 after buying an additional 129,648 shares in the last quarter. Hedge funds and other institutional investors own 51.66% of the company’s stock.
A number of research firms have recently weighed in on XOM. Credit Suisse Group reiterated a “neutral” rating on shares of Exxon Mobil in a report on Thursday, October 21st. Exane BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price target for the company. in a report on Monday, October 11th. Bank of America reiterated a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a report on Monday, November 1st. DZ Bank cut Exxon Mobil from a “buy” rating to a “hold” rating and lowered their price target for the stock from $67.00 to $62.50 in a report on Tuesday, August 3rd. Finally, Truist Securities cut Exxon Mobil from a “hold” rating to a “sell” rating and lowered their price target for the stock from $66.00 to $50.00 in a report on Tuesday, November 2nd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.94.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Thursday, October 28th. The oil and gas company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.02. Exxon Mobil had a positive return on equity of 8.66% and a negative net margin of 2.39%. The business had revenue of $73.79 billion for the quarter, compared to analyst estimates of $72.05 billion. During the same quarter last year, the company earned ($0.18) EPS. The business’s quarterly revenue was up 59.7% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 5.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 10th. Stockholders of record on Friday, November 12th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Wednesday, November 10th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.87. Exxon Mobil’s dividend payout ratio (DPR) is -253.24%.
In other Exxon Mobil news, Director Michael J. Angelakis bought 5,000 shares of the business’s stock in a transaction dated Wednesday, November 3rd. The shares were acquired at an average price of $64.00 per share, with a total value of $320,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.05% of the stock is currently owned by company insiders.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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