Hickory Point Bank & Trust Acquires Shares of 11,469 Exxon Mobil Co. (NYSE:XOM)

Hickory Point Bank & Trust acquired a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,469 shares of the oil and gas company’s stock, valued at approximately $1,234,000. Exxon Mobil accounts for approximately 1.1% of Hickory Point Bank & Trust’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Greenwich Wealth Management LLC grew its stake in shares of Exxon Mobil by 1.3% during the 3rd quarter. Greenwich Wealth Management LLC now owns 12,943 shares of the oil and gas company’s stock worth $1,517,000 after acquiring an additional 165 shares during the period. Sollinda Capital Management LLC grew its stake in shares of Exxon Mobil by 10.9% during the 3rd quarter. Sollinda Capital Management LLC now owns 3,867 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 380 shares during the period. Argonautica Private Wealth Management Inc. grew its stake in shares of Exxon Mobil by 1.1% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 23,239 shares of the oil and gas company’s stock worth $2,724,000 after acquiring an additional 259 shares during the period. Princeton Global Asset Management LLC grew its stake in shares of Exxon Mobil by 5.6% during the 3rd quarter. Princeton Global Asset Management LLC now owns 14,904 shares of the oil and gas company’s stock worth $1,747,000 after acquiring an additional 788 shares during the period. Finally, Clear Creek Financial Management LLC grew its stake in shares of Exxon Mobil by 5.0% during the 3rd quarter. Clear Creek Financial Management LLC now owns 9,549 shares of the oil and gas company’s stock worth $1,119,000 after acquiring an additional 454 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $107.69 on Tuesday. The stock has a market cap of $467.28 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $104.03 and a 1-year high of $126.34. The stock’s 50-day moving average is $108.98 and its 200 day moving average is $114.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm earned $2.48 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.68%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Analyst Ratings Changes

Several research analysts have commented on XOM shares. HSBC cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. BMO Capital Markets cut their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

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.