Exxon Mobil Co. (NYSE:XOM) Shares Bought by Mechanics Bank Trust Department

Mechanics Bank Trust Department raised its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,409 shares of the oil and gas company’s stock after purchasing an additional 305 shares during the period. Exxon Mobil comprises 1.5% of Mechanics Bank Trust Department’s holdings, making the stock its 16th largest position. Mechanics Bank Trust Department’s holdings in Exxon Mobil were worth $8,342,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Marcum Wealth LLC boosted its stake in shares of Exxon Mobil by 19.1% in the first quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock worth $2,429,000 after acquiring an additional 4,711 shares during the last quarter. Minot Wealth Management LLC boosted its stake in shares of Exxon Mobil by 15.5% in the first quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock worth $3,378,000 after acquiring an additional 5,477 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 13.3% in the first quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock worth $467,000 after acquiring an additional 664 shares during the last quarter. Home Federal Bank of Tennessee boosted its stake in shares of Exxon Mobil by 1.1% in the first quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock worth $1,170,000 after acquiring an additional 150 shares during the last quarter. Finally, Fort Sheridan Advisors LLC boosted its stake in shares of Exxon Mobil by 8.4% in the first quarter. Fort Sheridan Advisors LLC now owns 7,802 shares of the oil and gas company’s stock worth $644,000 after acquiring an additional 606 shares during the last quarter. 56.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey W. Ubben bought 960,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now directly owns 1,137,000 shares in the company, valued at $100,635,870. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. HSBC lifted their price target on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Barclays lifted their price objective on Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Truist Financial reduced their price objective on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Finally, Bank of America lifted their price objective on Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $96.69.

Exxon Mobil Price Performance

XOM stock opened at $90.57 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $377.46 billion, a PE ratio of 9.91, a P/E/G ratio of 0.31 and a beta of 1.07. Exxon Mobil Co. has a 12-month low of $55.28 and a 12-month high of $105.57. The business’s fifty day moving average price is $93.05 and its 200 day moving average price is $89.79.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company’s quarterly revenue was up 70.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 12.67 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were issued a $0.88 dividend. The ex-dividend date was Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.89%. Exxon Mobil’s dividend payout ratio is presently 38.51%.

About Exxon Mobil

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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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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