1ST Source Bank Sells 2,639 Shares of Exxon Mobil Co. (NYSE:XOM)

1ST Source Bank cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,161 shares of the oil and gas company’s stock after selling 2,639 shares during the period. 1ST Source Bank’s holdings in Exxon Mobil were worth $7,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in XOM. FMR LLC increased its position in shares of Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after acquiring an additional 395,218 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after buying an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after buying an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc increased its holdings in Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.1 %

Shares of NYSE:XOM traded down $1.22 during trading on Friday, hitting $110.60. The stock had a trading volume of 3,106,944 shares, compared to its average volume of 16,255,218. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a market capitalization of $486.10 billion, a PE ratio of 13.93, a PEG ratio of 4.70 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average is $119.13 and its 200 day moving average is $116.40.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Truist Financial dropped their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.84.

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.