Exxon Mobil Corporation $XOM is Security National Bank of Sioux City Iowa IA’s 8th Largest Position

Security National Bank of Sioux City Iowa IA reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 15.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 27,097 shares of the oil and gas company’s stock after selling 4,971 shares during the period. Exxon Mobil makes up approximately 2.3% of Security National Bank of Sioux City Iowa IA’s holdings, making the stock its 8th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in Exxon Mobil were worth $3,223,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock worth $3,850,167,000 after acquiring an additional 512,860 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares during the period. Amundi boosted its stake in Exxon Mobil by 9.7% during the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock valued at $2,966,598,000 after buying an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock valued at $3,028,968,000 after buying an additional 909,386 shares during the period. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XOM has been the subject of several research analyst reports. Piper Sandler lifted their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Morgan Stanley lifted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. UBS Group lifted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $125.00.

Exxon Mobil Stock Up 0.7%

XOM opened at $110.58 on Wednesday. The company has a market cap of $471.43 billion, a P/E ratio of 15.71, a P/E/G ratio of 2.05 and a beta of 0.57. The business’s 50-day moving average price is $110.52 and its 200-day moving average price is $109.11. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.14 earnings per share. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s payout ratio is currently 56.25%.

Exxon Mobil Company 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.