CoreFirst Bank & Trust grew its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,909 shares of the oil and gas company’s stock after purchasing an additional 4,628 shares during the quarter. Exxon Mobil makes up about 2.8% of CoreFirst Bank & Trust’s holdings, making the stock its 3rd largest position. CoreFirst Bank & Trust’s holdings in Exxon Mobil were worth $3,740,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Cookson Peirce & Co. Inc. increased its holdings in shares of Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after buying an additional 1,469 shares during the period. St. Louis Trust Co increased its stake in Exxon Mobil by 11.0% in the 4th quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock worth $3,919,000 after purchasing an additional 3,507 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Exxon Mobil by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock valued at $12,963,000 after purchasing an additional 5,770 shares during the period. Northstar Asset Management LLC boosted its stake in shares of Exxon Mobil by 3.0% during the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock valued at $3,558,000 after purchasing an additional 925 shares during the period. Finally, TTP Investments Inc. grew its holdings in shares of Exxon Mobil by 0.9% in the fourth quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 181 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. Morgan Stanley boosted their price target on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Royal Bank of Canada lowered Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price target for the company. in a research report on Thursday, June 1st. Finally, Wells Fargo & Company lifted their price objective on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.70.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. During the same period last year, the business earned $2.07 EPS. Exxon Mobil’s revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 9.59 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.46%. Exxon Mobil’s dividend payout ratio is 24.64%.
Insider Transactions at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now directly owns 29,272 shares in the company, valued at approximately $3,398,771.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company’s stock.
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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