NBT Bank N A NY decreased its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,943 shares of the oil and gas company’s stock after selling 2,316 shares during the period. Exxon Mobil makes up about 2.2% of NBT Bank N A NY’s portfolio, making the stock its 5th biggest holding. NBT Bank N A NY’s holdings in Exxon Mobil were worth $15,236,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Moneta Group Investment Advisors LLC lifted its stake in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Morgan Stanley increased its holdings in Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after purchasing an additional 5,566,797 shares during the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $5,226,390,000. Price T Rowe Associates Inc. MD increased its holdings in Exxon Mobil by 3.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock valued at $4,523,610,000 after purchasing an additional 1,344,934 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after acquiring an additional 560,517 shares in the last quarter. 58.59% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.
Exxon Mobil Trading Up 0.3 %
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same quarter in the previous year, the firm posted $2.07 earnings per share. The business’s revenue was down 4.3% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 8.87 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on XOM. Piper Sandler lowered their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Wolfe Research cut shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Mizuho reduced their target price on shares of Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Morgan Stanley cut their price target on shares of Exxon Mobil from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Tuesday, July 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $124.30.
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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