City Holding Co. Sells 4,065 Shares of Exxon Mobil Co. (NYSE:XOM)

City Holding Co. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 5.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,286 shares of the oil and gas company’s stock after selling 4,065 shares during the quarter. Exxon Mobil comprises about 1.2% of City Holding Co.’s holdings, making the stock its 16th biggest holding. City Holding Co.’s holdings in Exxon Mobil were worth $8,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Exxon Mobil by 2.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,657 shares of the oil and gas company’s stock worth $1,136,000 after buying an additional 265 shares during the period. Eagle Asset Management Inc. grew its position in shares of Exxon Mobil by 1.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 92,902 shares of the oil and gas company’s stock worth $10,923,000 after buying an additional 1,102 shares during the period. Oppenheimer & Close LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter worth about $212,000. Operose Advisors LLC grew its position in shares of Exxon Mobil by 407.0% in the 3rd quarter. Operose Advisors LLC now owns 4,568 shares of the oil and gas company’s stock worth $537,000 after buying an additional 3,667 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Exxon Mobil by 0.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 377,809 shares of the oil and gas company’s stock worth $44,423,000 after buying an additional 2,620 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on XOM shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Mizuho increased their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, HSBC increased their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $133.71.

Exxon Mobil Stock Performance

XOM traded up $1.88 during midday trading on Monday, hitting $112.64. 2,128,373 shares of the company traded hands, compared to its average volume of 18,245,295. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $444.14 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.98 and a beta of 0.92. The company’s 50-day moving average is $115.70 and its 200 day moving average is $109.17. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the company earned $2.83 EPS. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.