First National Bank Sioux Falls Has $1.42 Million Stock Position in Exxon Mobil Corporation $XOM

First National Bank Sioux Falls lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,151 shares of the oil and gas company’s stock after selling 676 shares during the period. First National Bank Sioux Falls’ holdings in Exxon Mobil were worth $1,418,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Axis Wealth Partners LLC boosted its position in Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after buying an additional 93 shares in the last quarter. Gagnon Securities LLC raised its stake in shares of Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after acquiring an additional 95 shares during the last quarter. Ascent Capital Management LLC raised its stake in shares of Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after acquiring an additional 96 shares during the last quarter. DDD Partners LLC raised its stake in shares of Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after acquiring an additional 96 shares during the last quarter. Finally, Waypoint Wealth Partners Inc. raised its stake in shares of Exxon Mobil by 2.1% during the first quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company’s stock valued at $556,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.21 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a fifty day simple moving average of $110.55 and a 200 day simple moving average of $109.15. The company has a market capitalization of $478.38 billion, a PE ratio of 15.94, a P/E/G ratio of 2.05 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the firm posted $2.14 earnings per share. The business’s revenue was down 12.4% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is 56.25%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XOM shares. Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $124.81.

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.