Zions Bancorporation N.A. Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Zions Bancorporation N.A. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 155.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,804 shares of the oil and gas company’s stock after buying an additional 29,721 shares during the period. Zions Bancorporation N.A.’s holdings in Exxon Mobil were worth $5,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Teachers Insurance & Annuity Association of America grew its position in shares of Exxon Mobil by 1,912.8% during the 4th quarter. Teachers Insurance & Annuity Association of America now owns 116,037 shares of the oil and gas company’s stock worth $12,482,000 after buying an additional 110,272 shares in the last quarter. TIAA Trust National Association lifted its stake in Exxon Mobil by 1.1% in the fourth quarter. TIAA Trust National Association now owns 525,961 shares of the oil and gas company’s stock worth $56,574,000 after acquiring an additional 5,646 shares during the period. FineMark National Bank & Trust lifted its stake in Exxon Mobil by 1.5% in the fourth quarter. FineMark National Bank & Trust now owns 166,732 shares of the oil and gas company’s stock worth $17,935,000 after acquiring an additional 2,521 shares during the period. Prospect Financial Group LLC bought a new position in Exxon Mobil during the 4th quarter worth about $338,000. Finally, Modern Wealth Management LLC increased its position in Exxon Mobil by 72.8% during the 4th quarter. Modern Wealth Management LLC now owns 111,345 shares of the oil and gas company’s stock valued at $12,356,000 after purchasing an additional 46,921 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XOM shares. Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, Morgan Stanley boosted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.15.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $115.81 on Tuesday. The stock’s fifty day moving average price is $110.22 and its 200 day moving average price is $113.58. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $502.52 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business earned $2.48 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.42%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.