Hancock Whitney Corp Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Hancock Whitney Corp lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,584 shares of the oil and gas company’s stock after buying an additional 1,359 shares during the quarter. Exxon Mobil makes up about 1.0% of Hancock Whitney Corp’s holdings, making the stock its 17th biggest holding. Hancock Whitney Corp’s holdings in Exxon Mobil were worth $29,308,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of XOM. Massachusetts Financial Services Co. MA raised its stake in Exxon Mobil by 532.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Global Assets Advisory LLC raised its position in shares of Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after purchasing an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Exxon Mobil by 565.3% in the 4th quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock worth $1,317,817,000 after purchasing an additional 11,199,696 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $980,210,000. Finally, Capital International Investors increased its stake in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.6 %

Shares of Exxon Mobil stock opened at $115.27 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company’s fifty day simple moving average is $115.88 and its 200-day simple moving average is $115.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $454.51 billion, a PE ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Truist Financial dropped their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research started coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Barclays decreased their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $135.76.

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.