Exxon Mobil Co. (NYSE:XOM) Position Reduced by Emprise Bank

Emprise Bank decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,065 shares of the oil and gas company’s stock after selling 690 shares during the period. Emprise Bank’s holdings in Exxon Mobil were worth $945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. J. W. Coons Advisors LLC raised its holdings in Exxon Mobil by 0.5% during the fourth quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock worth $3,960,000 after purchasing an additional 208 shares in the last quarter. Exencial Wealth Advisors LLC raised its holdings in Exxon Mobil by 7.8% during the fourth quarter. Exencial Wealth Advisors LLC now owns 40,266 shares of the oil and gas company’s stock worth $4,026,000 after purchasing an additional 2,898 shares in the last quarter. Pinnacle West Asset Management Inc. increased its holdings in shares of Exxon Mobil by 2.7% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 19,540 shares of the oil and gas company’s stock valued at $1,954,000 after buying an additional 509 shares in the last quarter. Point Break Capital Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at $490,000. Finally, Stephens Inc. AR increased its holdings in shares of Exxon Mobil by 3.9% in the fourth quarter. Stephens Inc. AR now owns 261,788 shares of the oil and gas company’s stock valued at $26,174,000 after buying an additional 9,714 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on XOM shares. Truist Financial dropped their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday. UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Barclays dropped their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Wolfe Research started coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Eight research 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.75.

Exxon Mobil Trading Up 1.3 %

Exxon Mobil stock opened at $121.49 on Thursday. The company’s fifty day simple moving average is $116.06 and its 200-day simple moving average is $115.85. 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 Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market cap of $479.04 billion, a P/E ratio of 14.89, a P/E/G ratio of 4.86 and a beta of 0.90.

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

Exxon Mobil Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Exxon Mobil 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.