Exxon Mobil Co. (NYSE:XOM) Shares Sold by Peoples Bank KS

Peoples Bank KS lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,817 shares of the oil and gas company’s stock after selling 145 shares during the period. Exxon Mobil accounts for 2.4% of Peoples Bank KS’s portfolio, making the stock its 7th largest holding. Peoples Bank KS’s holdings in Exxon Mobil were worth $3,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Innova Wealth Partners bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $807,000. McAlister Sweet & Associates Inc. boosted its stake in Exxon Mobil by 19.6% in the fourth quarter. McAlister Sweet & Associates Inc. now owns 48,151 shares of the oil and gas company’s stock valued at $5,180,000 after acquiring an additional 7,892 shares during the last quarter. Bangor Savings Bank boosted its stake in Exxon Mobil by 74.1% in the fourth quarter. Bangor Savings Bank now owns 44,423 shares of the oil and gas company’s stock valued at $4,779,000 after acquiring an additional 18,900 shares during the last quarter. Canandaigua National Trust Co of Florida raised its position in shares of Exxon Mobil by 30.3% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 6,444 shares of the oil and gas company’s stock valued at $693,000 after acquiring an additional 1,499 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted its stake in shares of Exxon Mobil by 1.7% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 220,576 shares of the oil and gas company’s stock valued at $23,727,000 after purchasing an additional 3,716 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $108.74 on Wednesday. The firm has a market cap of $477.92 billion, a PE ratio of 13.54, a P/E/G ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company’s fifty day simple moving average is $114.06 and its 200-day simple moving average is $115.81. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.