First National Bank of South Miami lessened its holdings in Exxon Mobil Co. (NYSE: XOM – Get Rating) by 5.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,565 shares of the oil and gas company stock after selling 553 shares during the period. First National Bank of South Miami’s holdings in Exxon Mobil were worth $ 873,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Norges Bank purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $ 3,184,424,000. GQG Partners LLC lifted its position in Exxon Mobil by 21.8% in the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of oil and gas company stock valued at $ 1,982,114,000 after acquiring an additional 5,807,202 shares in the last quarter. Renaissance Technologies LLC lifted its position in Exxon Mobil by 134.3% in the 4th quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company stock valued at $ 386,314,000 after acquiring an additional 3,619,270 shares in the last quarter. Geode Capital Management LLC lifted its position in Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of oil and gas company stock valued at $ 4,322,078,000 after acquiring an additional 3,441,825 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Exxon Mobil by 324.1% during the 4th quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company stock valued at $ 160,209,000 after buying an additional 2,000,928 shares during the period. Institutional investors and hedge funds own 54.07% of the company stock.
XOM stock opened at $ 86.12 on Tuesday. The company has a market cap of $ 362.78 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.35 and a beta of 1.05. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $ 91.39 and a 200-day simple moving average of $ 80.51. Exxon Mobil Co. has a 52 week low of $ 52.10 and a 52 week high of $ 105.57.
Exxon Mobil (NYSE: XOM – Get Rating) last released its quarterly earnings data on Friday, April 29th. The oil and gas company reported $ 2.07 EPS for the quarter, missing analysts’ consensus estimates of $ 2.25 by ($ 0.18). The firm had revenue of $ 90.50 billion for the quarter, compared to analyst estimates of $ 83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company quarterly revenue was up 53.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $ 0.65 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 10.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a dividend of $ 0.88 per share. The ex-dividend date was Thursday, May 12th. This represents a $ 3.52 dividend on an annualized basis and a yield of 4.09%. Exxon Mobil’s dividend payout ratio (DPR) is 58.37%.
A number of research analysts have recently weighed in on the company. StockNews.com lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Cowen raised their price objective on shares of Exxon Mobil from $ 77.00 to $ 90.00 in a research note on Monday, May 2nd. Argus lifted their price target on shares of Exxon Mobil from $ 92.00 to $ 104.00 in a research note on Monday, May 9th. Truist Financial lifted their price target on shares of Exxon Mobil from $ 75.00 to $ 84.00 in a report on Thursday, April 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Exxon Mobil from $ 104.00 to $ 117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $ 88.80.
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $ 96.65, for a total value of $ 241,625.00. Following the completion of the transaction, the vice president now directly owns 32,510 shares of the company stock, valued at approximately $ 3,142,091.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Darrin L. Talley sold 2,147 shares of the company stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $ 102.81, for a total transaction of $ 220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares of the company stock, valued at $ 3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.
About Exxon Mobil: (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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