Peoples Bank OH Trims Stock Holdings in Exxon Mobil Corporation $XOM

Peoples Bank OH lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,919 shares of the oil and gas company’s stock after selling 242 shares during the quarter. Exxon Mobil accounts for 1.0% of Peoples Bank OH’s portfolio, making the stock its 27th largest position. Peoples Bank OH’s holdings in Exxon Mobil were worth $1,608,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. KMG Fiduciary Partners LLC boosted its holdings in shares of Exxon Mobil by 24.8% in the 1st quarter. KMG Fiduciary Partners LLC now owns 18,252 shares of the oil and gas company’s stock valued at $2,171,000 after acquiring an additional 3,625 shares during the last quarter. Professional Advisory Services Inc. boosted its holdings in Exxon Mobil by 1.8% in the first quarter. Professional Advisory Services Inc. now owns 7,831 shares of the oil and gas company’s stock valued at $931,000 after purchasing an additional 138 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in Exxon Mobil by 262.1% during the 1st quarter. SOA Wealth Advisors LLC. now owns 25,332 shares of the oil and gas company’s stock worth $3,013,000 after purchasing an additional 18,336 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Exxon Mobil by 2.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 7,224 shares of the oil and gas company’s stock valued at $859,000 after buying an additional 147 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its holdings in shares of Exxon Mobil by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 30,024 shares of the oil and gas company’s stock valued at $3,571,000 after buying an additional 276 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Saturday, September 27th. TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Bank of America increased their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Finally, Piper Sandler increased their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $125.00.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.8%

XOM stock opened at $114.18 on Tuesday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $111.21 and a 200-day simple moving average of $109.47. The stock has a market capitalization of $486.78 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period last year, the company posted $2.14 EPS. Exxon Mobil’s quarterly revenue was down 12.4% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s payout ratio is presently 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.