Exxon Mobil Corporation $XOM Shares Bought by CNB Bank

CNB Bank lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,137 shares of the oil and gas company’s stock after buying an additional 118 shares during the period. Exxon Mobil makes up approximately 1.7% of CNB Bank’s investment portfolio, making the stock its 11th biggest holding. CNB Bank’s holdings in Exxon Mobil were worth $3,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the 1st quarter worth about $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC raised its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Down 0.5%

NYSE XOM opened at $115.39 on Monday. The firm’s fifty day moving average price is $112.58 and its 200 day moving average price is $109.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The company has a market capitalization of $491.94 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Analysts Set New Price Targets

XOM has been the topic of several research reports. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Friday. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 7th. Wells Fargo & Company began coverage on Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Finally, UBS Group boosted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.58.

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.