American National Bank lifted its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,344 shares of the oil and gas company’s stock after buying an additional 2,541 shares during the period. American National Bank’s holdings in Exxon Mobil were worth $5,301,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Axiom Financial Strategies LLC raised its holdings in Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc bought a new stake in Exxon Mobil during the first quarter worth about $275,000. Loomis Sayles & Co. L P raised its holdings in Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC raised its holdings in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in Exxon Mobil during the first quarter worth about $237,000. 58.59% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Morgan Stanley upped their target price on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Piper Sandler dropped their target price on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Royal Bank of Canada lowered 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. Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $140.00 to $135.00 in a research note on Thursday, April 13th. Finally, UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $124.70.
Exxon Mobil Stock Down 3.4 %
Exxon Mobil (NYSE:XOM – Get Free Report) 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 the consensus estimate of $2.65 by $0.18. The business had revenue of $86.56 billion for 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 was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio is 24.64%.
Insider Activity at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on 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 transaction, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by insiders.
About Exxon Mobil
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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