Community Bank N.A. Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Community Bank N.A. reduced its position in Exxon Mobil Co. (NYSE:XOM) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,579 shares of the oil and gas company’s stock after selling 7,788 shares during the period. Community Bank N.A.’s holdings in Exxon Mobil were worth $5,757,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Traynor Capital Management Inc. increased its position in Exxon Mobil by 4.2% during the third quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after acquiring an additional 94 shares during the last quarter. Money Concepts Capital Corp increased its position in Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after acquiring an additional 95 shares during the last quarter. Defined Wealth Management LLC boosted its position in shares of Exxon Mobil by 2.4% during the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 96 shares during the period. Well Done LLC increased its stake in Exxon Mobil by 0.8% in the third quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock worth $1,462,000 after purchasing an additional 97 shares during the period. Finally, Crown Wealth Group LLC increased its stake in Exxon Mobil by 2.4% in the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after buying an additional 97 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Piper Sandler boosted their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. UBS Group upped their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Mizuho reaffirmed a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Barclays assumed coverage on Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.28.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $4.40 on Friday, hitting $116.93. The company’s stock had a trading volume of 8,415,331 shares, compared to its average volume of 17,963,033. The company has a market capitalization of $462.84 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 4.16 and a beta of 0.96. The firm has a fifty day moving average price of $113.04 and a 200-day moving average price of $106.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) 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 10.45% and a return on equity of 18.51%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.83 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 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, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

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.