Keybank National Association OH lessened its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,239,879 shares of the oil and gas company’s stock after selling 10,824 shares during the period. Keybank National Association OH’s holdings in Exxon Mobil were worth $136,759,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. My Personal CFO LLC grew its holdings in Exxon Mobil by 15,000.0% in the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock valued at $262,000 after buying an additional 300 shares in the last quarter. Karp Capital Management Corp acquired a new position in Exxon Mobil in the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC grew its holdings in Exxon Mobil by 259.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 272 shares in the last quarter. Ulland Investment Advisors LLC grew its holdings in Exxon Mobil by 67.2% in the 4th quarter. Ulland Investment Advisors LLC now owns 428 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 172 shares in the last quarter. Finally, Align Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $38,000. Institutional investors own 57.49% of the company’s stock.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. The firm had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $2.05 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.93 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.15%. Exxon Mobil’s dividend payout ratio is presently 27.45%.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Barclays upped their price objective on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Truist Financial increased their target price on Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. B. Riley increased their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Wells Fargo & Company increased their target price on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Finally, Mizuho increased their target price on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.54.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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