UMB Bank n.a. Sells 2,075 Shares of Exxon Mobil Co. (NYSE:XOM)

UMB Bank n.a. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 467,815 shares of the oil and gas company’s stock after selling 2,075 shares during the quarter. Exxon Mobil makes up approximately 0.9% of UMB Bank n.a.’s investment portfolio, making the stock its 26th largest holding. UMB Bank n.a.’s holdings in Exxon Mobil were worth $54,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the first quarter worth $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC lifted its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $39,000. Finally, POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. 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 research note on Monday, September 30th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a research note on Thursday. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. 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 report on Monday, September 16th. Finally, Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.61.

Exxon Mobil Stock Up 0.9 %

Exxon Mobil stock traded up $1.12 during trading on Thursday, hitting $123.21. 2,575,314 shares of the company were exchanged, compared to its average volume of 16,740,518. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $116.64 and its 200 day moving average is $116.21. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a market capitalization of $485.82 billion, a P/E ratio of 15.16, a PEG ratio of 4.86 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its 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 company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.08%. Exxon Mobil’s payout ratio 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.