Community Bank N.A. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,294 shares of the oil and gas company’s stock after purchasing an additional 8,012 shares during the period. Exxon Mobil comprises approximately 1.1% of Community Bank N.A.’s investment portfolio, making the stock its 21st largest holding. Community Bank N.A.’s holdings in Exxon Mobil were worth $7,928,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Dark Forest Capital Management LP bought a new stake in Exxon Mobil in the 4th quarter valued at about $27,000. Corrado Advisors LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $28,000. My Personal CFO LLC raised its stake 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 acquiring an additional 300 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new stake in Exxon Mobil in the 4th quarter valued at about $36,000. Finally, Financial Connections Group Inc. raised its stake in Exxon Mobil by 1,207.1% in the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 338 shares during the period. 58.59% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. HSBC upped their price target on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. Truist Financial upped their price target on Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. UBS Group upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the company from $125.00 to $144.00 in a research report on Tuesday, April 18th. Piper Sandler decreased their price target on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Finally, Jefferies Financial Group decreased their price target on Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $124.70.
Insider Activity
Exxon Mobil Stock Down 3.7 %
Shares of XOM opened at $102.94 on Friday. The firm has a market cap of $416.19 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.64 and a beta of 1.08. The stock has a 50 day simple moving average of $106.26 and a two-hundred day simple moving average of $109.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92.
Exxon Mobil (NYSE:XOM – Free Report) last issued its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.18. The business had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. Exxon Mobil’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.07 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 9.46 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.
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.
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