Parkside Financial Bank & Trust Sells 1,177 Shares of Exxon Mobil Co. (NYSE:XOM)

Parkside Financial Bank & Trust trimmed its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 4.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,228 shares of the oil and gas company’s stock after selling 1,177 shares during the period. Exxon Mobil makes up approximately 0.6% of Parkside Financial Bank & Trust’s portfolio, making the stock its 28th biggest position. Parkside Financial Bank & Trust’s holdings in Exxon Mobil were worth $2,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Norges Bank bought a new stake in Exxon Mobil in the 4th quarter valued at about $3,184,424,000. GQG Partners LLC increased its position in Exxon Mobil by 59.9% in the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after buying an additional 19,403,556 shares in the last quarter. Vanguard Group Inc. boosted its stake in Exxon Mobil by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock valued at $30,098,496,000 after purchasing an additional 8,825,023 shares during the last quarter. American Century Companies Inc. boosted its stake in Exxon Mobil by 149.6% during the 1st quarter. American Century Companies Inc. now owns 6,534,097 shares of the oil and gas company’s stock valued at $539,651,000 after purchasing an additional 3,915,876 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Exxon Mobil by 14.0% during the 1st quarter. Swiss National Bank now owns 18,336,791 shares of the oil and gas company’s stock valued at $1,514,436,000 after purchasing an additional 2,245,300 shares during the last quarter. 56.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. HSBC boosted their target price on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Morgan Stanley upped their price target on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, September 6th. Truist Financial cut their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Finally, Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $96.69.

Insider Activity at Exxon Mobil

In other news, Director Jeffrey W. Ubben bought 960,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffrey W. Ubben purchased 960,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was acquired at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the acquisition, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the firm’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 disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

NYSE XOM opened at $90.57 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The firm’s 50 day moving average price is $93.05 and its 200-day moving average price is $89.79. Exxon Mobil Co. has a 52-week low of $55.28 and a 52-week high of $105.57. The company has a market cap of $377.46 billion, a PE ratio of 9.91, a P/E/G ratio of 0.30 and a beta of 1.07.

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

Exxon Mobil Dividend Announcement

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