Field & Main Bank Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Field & Main Bank raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.9% in the third quarter, Holdings Channel reports. The institutional investor owned 9,561 shares of the oil and gas company’s stock after buying an additional 780 shares during the quarter. Field & Main Bank’s holdings in Exxon Mobil were worth $562,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of XOM. Amundi purchased a new position in shares of Exxon Mobil during the second quarter worth about $986,290,000. GQG Partners LLC purchased a new position in shares of Exxon Mobil during the second quarter worth about $899,097,000. FMR LLC grew its holdings in shares of Exxon Mobil by 7.2% during the second quarter. FMR LLC now owns 91,323,495 shares of the oil and gas company’s stock worth $5,760,686,000 after purchasing an additional 6,141,561 shares in the last quarter. State Street Corp grew its holdings in shares of Exxon Mobil by 2.0% during the second quarter. State Street Corp now owns 252,449,984 shares of the oil and gas company’s stock worth $15,924,545,000 after purchasing an additional 4,874,643 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Exxon Mobil by 1.1% during the second quarter. Vanguard Group Inc. now owns 353,122,370 shares of the oil and gas company’s stock worth $22,274,960,000 after purchasing an additional 3,683,303 shares in the last quarter. 51.66% of the stock is owned by institutional investors and hedge funds.

XOM has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on Exxon Mobil from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 1st. Royal Bank of Canada set a $65.00 price objective on Exxon Mobil in a report on Friday, October 29th. Truist downgraded Exxon Mobil from a “hold” rating to a “sell” rating and dropped their target price for the stock from $66.00 to $50.00 in a research report on Tuesday, November 2nd. The Goldman Sachs Group set a $71.00 target price on Exxon Mobil in a research report on Monday, November 1st. Finally, Exane BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research report on Monday, October 11th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $61.94.

In other Exxon Mobil news, Director Michael J. Angelakis bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 3rd. The stock was bought at an average price of $64.00 per share, for a total transaction of $320,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by corporate insiders.

Shares of Exxon Mobil stock traded up $0.35 during midday trading on Thursday, reaching $63.48. 15,866,039 shares of the company’s stock traded hands, compared to its average volume of 24,373,887. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.58 and a current ratio of 0.90. The company has a market cap of $268.75 billion, a PE ratio of -45.67, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The stock has a 50 day moving average of $61.91 and a 200-day moving average of $59.90. Exxon Mobil Co. has a 12 month low of $37.97 and a 12 month high of $66.38.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Thursday, October 28th. The oil and gas company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.02. The company had revenue of $73.79 billion during the quarter, compared to the consensus estimate of $72.05 billion. Exxon Mobil had a positive return on equity of 8.66% and a negative net margin of 2.39%. The firm’s revenue for the quarter was up 59.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 5.07 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 10th. Investors of record on Friday, November 12th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Wednesday, November 10th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.87. Exxon Mobil’s dividend payout ratio is currently -253.24%.

Exxon Mobil Profile

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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