Bell Bank cut its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,436 shares of the oil and gas company's stock after selling 4,787 shares during the quarter. Exxon Mobil makes up about 1.1% of Bell Bank's investment portfolio, making the stock its 13th largest position. Bell Bank's holdings in Exxon Mobil were worth $10,356,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Dark Forest Capital Management LP bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $27,000. Corrado Advisors LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $28,000. My Personal CFO LLC grew its position in Exxon Mobil by 15,000.0% during the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company's stock worth $262,000 after acquiring an additional 300 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in Exxon Mobil during the 4th quarter worth approximately $36,000. Finally, Financial Connections Group Inc. grew its position in Exxon Mobil by 1,207.1% during the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company's stock worth $40,000 after acquiring an additional 338 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on XOM shares. UBS Group upgraded Exxon Mobil from a "neutral" rating to a "buy" rating and raised their price target for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. Morgan Stanley raised their price target on Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. StockNews.com started coverage on Exxon Mobil in a research report on Thursday, May 18th. They set a "hold" rating on the stock. Piper Sandler reduced their price target on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Finally, Jefferies Financial Group cut their price objective on Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $124.70.
Insider Buying and Selling at Exxon Mobil
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 stock was 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 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. 0.04% of the stock is owned by company insiders.
Exxon Mobil Trading Up 0.2 %
XOM opened at $107.46 on Wednesday. The stock has a market cap of $434.46 billion, a PE ratio of 7.28, a PEG ratio of 0.64 and a beta of 1.08. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $106.71 and a 200-day moving average of $109.71. Exxon Mobil Co. has a 52 week low of $80.69 and a 52 week high of $119.92.
Exxon Mobil (NYSE:XOM - Free Report) last released its earnings results 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. The company had revenue of $86.56 billion during the quarter, compared to analysts' expectations of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 EPS. Equities research analysts predict 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. Shareholders 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 yield of 3.39%. The ex-dividend date was Monday, May 15th. Exxon Mobil's payout ratio is 24.64%.
Exxon Mobil Company Profile
(Free Report)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.
Further Reading
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