CoreFirst Bank & Trust Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

CoreFirst Bank & Trust trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 18.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,012 shares of the oil and gas company’s stock after selling 5,145 shares during the period. Exxon Mobil comprises 1.5% of CoreFirst Bank & Trust’s investment portfolio, making the stock its 13th biggest holding. CoreFirst Bank & Trust’s holdings in Exxon Mobil were worth $2,301,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pearl River Capital LLC purchased a new position in Exxon Mobil in the 3rd quarter valued at approximately $2,268,000. WestHill Financial Advisors Inc. increased its stake in Exxon Mobil by 3.1% in the 3rd quarter. WestHill Financial Advisors Inc. now owns 4,149 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 126 shares in the last quarter. Glenview Trust co increased its stake in Exxon Mobil by 14.8% in the 3rd quarter. Glenview Trust co now owns 177,875 shares of the oil and gas company’s stock valued at $20,915,000 after purchasing an additional 22,900 shares in the last quarter. CI Investments Inc. grew its holdings in Exxon Mobil by 4.8% during the 3rd quarter. CI Investments Inc. now owns 385,160 shares of the oil and gas company’s stock valued at $45,287,000 after buying an additional 17,597 shares during the last quarter. Finally, PAX Financial Group LLC grew its holdings in Exxon Mobil by 1.6% during the 3rd quarter. PAX Financial Group LLC now owns 14,502 shares of the oil and gas company’s stock valued at $1,705,000 after buying an additional 229 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Scotiabank increased their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.71.

Get Our Latest Research Report on Exxon Mobil

Exxon Mobil Trading Down 0.7 %

Exxon Mobil stock traded down $0.74 during midday trading on Monday, reaching $108.37. The stock had a trading volume of 21,140,771 shares, compared to its average volume of 18,106,443. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a market capitalization of $427.30 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock’s 50-day simple moving average is $116.59 and its 200 day simple moving average is $108.92.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the business posted $2.83 EPS. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

About Exxon Mobil

(Free Report)

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.

See Also

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

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