Country Club Bank GFN raised its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 33.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,675 shares of the oil and gas company’s stock after acquiring an additional 27,271 shares during the period. Exxon Mobil accounts for about 1.0% of Country Club Bank GFN’s investment portfolio, making the stock its 26th biggest holding. Country Club Bank GFN’s holdings in Exxon Mobil were worth $12,008,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. grew its stake in shares of Exxon Mobil by 0.8% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock valued at $1,237,000 after purchasing an additional 87 shares during the last quarter. Bank of The West grew its stake in shares of Exxon Mobil by 0.8% during the fourth quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after purchasing an additional 89 shares during the last quarter. Motive Wealth Advisors grew its stake in shares of Exxon Mobil by 2.1% during the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 90 shares during the last quarter. Smart Money Group LLC grew its stake in shares of Exxon Mobil by 3.8% during the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 91 shares during the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in Exxon Mobil by 3.8% in the fourth quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock valued at $274,000 after acquiring an additional 91 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on XOM shares. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. Royal Bank of Canada cut shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective on the stock. in a research note on Thursday, June 1st. HSBC lifted their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. Truist Financial lifted their price target on shares of Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. Finally, The Goldman Sachs Group cut shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.70.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 EPS 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 company had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter last year, the firm posted $2.07 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.59 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the sale, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by insiders.
About Exxon Mobil
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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