Security National Bank Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Security National Bank boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,019 shares of the oil and gas company’s stock after purchasing an additional 318 shares during the period. Security National Bank’s holdings in Exxon Mobil were worth $1,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Partnership Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $46,000. Vima LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $50,000. Keener Financial Planning LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $80,000. Neo Ivy Capital Management bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $80,000. Finally, Orion Capital Management LLC bought a new stake in shares of Exxon Mobil in the third quarter worth about $91,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Piper Sandler lifted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. UBS Group boosted their price target on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday. HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.82.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.3 %

Shares of XOM stock traded up $0.32 during trading on Wednesday, hitting $114.69. 7,523,674 shares of the stock traded hands, compared to its average volume of 18,260,502. The firm has a market capitalization of $452.22 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 4.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm’s fifty day moving average price is $115.50 and its 200-day moving average price is $109.39. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $2.83 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.