Security National Bank purchased a new position in Exxon Mobil Co. (NYSE:XOM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,649 shares of the oil and gas company’s stock, valued at approximately $371,000.
A number of other institutional investors have also recently modified their holdings of the stock. FMR LLC lifted its stake in Exxon Mobil by 6.8% in the fourth quarter. FMR LLC now owns 70,602,466 shares of the oil and gas company’s stock worth $2,910,233,000 after acquiring an additional 4,470,829 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Exxon Mobil by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 42,904,485 shares of the oil and gas company’s stock worth $1,768,522,000 after acquiring an additional 2,630,031 shares during the last quarter. Norges Bank purchased a new position in Exxon Mobil in the fourth quarter worth approximately $1,648,683,000. Morgan Stanley raised its holdings in Exxon Mobil by 25.3% during the fourth quarter. Morgan Stanley now owns 24,392,033 shares of the oil and gas company’s stock worth $1,005,441,000 after purchasing an additional 4,927,441 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Exxon Mobil by 223.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 15,656,605 shares of the oil and gas company’s stock worth $645,365,000 after purchasing an additional 10,818,671 shares in the last quarter. Institutional investors own 50.90% of the company’s stock.
XOM has been the topic of a number of research analyst reports. Mizuho initiated coverage on shares of Exxon Mobil in a report on Tuesday, January 12th. They set a “neutral” rating and a $49.00 price objective on the stock. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $58.00 price objective on the stock in a report on Thursday, March 11th. Truist raised their price objective on shares of Exxon Mobil from $50.00 to $60.00 in a report on Thursday, March 4th. Citigroup raised their price objective on shares of Exxon Mobil from $44.00 to $53.00 in a report on Thursday, March 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $65.00 price objective on shares of Exxon Mobil in a report on Tuesday, March 16th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $52.67.
XOM traded down $0.85 during trading on Thursday, hitting $55.74. The stock had a trading volume of 486,689 shares, compared to its average volume of 31,036,705. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. The firm has a market capitalization of $235.98 billion, a P/E ratio of 33.68 and a beta of 1.31. The company’s 50-day moving average price is $57.07 and its 200 day moving average price is $44.53. Exxon Mobil Co. has a twelve month low of $31.11 and a twelve month high of $62.55.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Monday, February 1st. The oil and gas company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $46.54 billion for the quarter, compared to analyst estimates of $48.76 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The business’s revenue was down 30.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post -0.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 10th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, February 9th. This represents a $3.48 annualized dividend and a dividend yield of 6.24%. Exxon Mobil’s payout ratio is currently 154.67%.
About Exxon Mobil
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; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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