Security National Bank of Sioux City Iowa IA Sells 7,376 Shares of Exxon Mobil Co. (NYSE:XOM)

Security National Bank of Sioux City Iowa IA trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,068 shares of the oil and gas company’s stock after selling 7,376 shares during the quarter. Exxon Mobil comprises approximately 2.4% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 8th biggest position. Security National Bank of Sioux City Iowa IA’s holdings in Exxon Mobil were worth $3,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Quantinno Capital Management LP lifted its holdings in shares of Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after buying an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter worth about $55,000. Rockline Wealth Management LLC raised its stake in Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after purchasing an additional 1,498 shares in the last quarter. Renasant Bank boosted its holdings in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV boosted its holdings in Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock valued at $1,532,000 after purchasing an additional 227 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.0%

NYSE:XOM opened at $108.44 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a market cap of $467.34 billion, a PE ratio of 13.83, a PEG ratio of 3.02 and a beta of 0.51. The firm has a 50-day moving average of $109.00 and a 200-day moving average of $110.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on XOM shares. Wells Fargo & Company lowered their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Piper Sandler decreased their target price on shares of Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil 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.