First International Bank & Trust Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

First International Bank & Trust raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,272 shares of the oil and gas company’s stock after buying an additional 134 shares during the quarter. First International Bank & Trust’s holdings in Exxon Mobil were worth $618,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XOM. Burns J W & Co. Inc. NY increased its position in shares of Exxon Mobil by 1.7% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 37,951 shares of the oil and gas company’s stock valued at $4,449,000 after acquiring an additional 643 shares during the period. Corrigan Financial Inc. lifted its position in Exxon Mobil by 24.8% during the 3rd quarter. Corrigan Financial Inc. now owns 11,481 shares of the oil and gas company’s stock worth $1,346,000 after acquiring an additional 2,283 shares during the period. Quent Capital LLC grew its stake in Exxon Mobil by 5.4% during the 3rd quarter. Quent Capital LLC now owns 13,683 shares of the oil and gas company’s stock valued at $1,602,000 after purchasing an additional 696 shares during the last quarter. Halpern Financial Inc. increased its holdings in shares of Exxon Mobil by 5.0% in the third quarter. Halpern Financial Inc. now owns 43,551 shares of the oil and gas company’s stock valued at $5,292,000 after purchasing an additional 2,092 shares during the period. Finally, Inspirion Wealth Advisors LLC raised its stake in shares of Exxon Mobil by 1.7% in the third quarter. Inspirion Wealth Advisors LLC now owns 6,091 shares of the oil and gas company’s stock worth $714,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock traded up $2.25 during trading hours on Friday, hitting $124.83. 19,759,207 shares of the company’s stock were exchanged, compared to its average volume of 16,859,965. The firm has a 50 day moving average of $116.31 and a two-hundred day moving average of $116.00. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $125.19. The firm has a market cap of $492.21 billion, a P/E ratio of 15.30, a P/E/G ratio of 4.86 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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 3.04%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Mizuho upped their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

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.