Zions Bancorporation National Association UT Decreases Stake in Exxon Mobil Corporation $XOM

Zions Bancorporation National Association UT decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 10.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 91,209 shares of the oil and gas company’s stock after selling 10,203 shares during the quarter. Exxon Mobil comprises about 0.5% of Zions Bancorporation National Association UT’s holdings, making the stock its 27th biggest position. Zions Bancorporation National Association UT’s holdings in Exxon Mobil were worth $10,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new position in Exxon Mobil during the first quarter worth $305,000. Sivia Capital Partners LLC increased its stake in shares of Exxon Mobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares during the last quarter. Castellan Group increased its stake in shares of Exxon Mobil by 2.9% in the 2nd quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock worth $2,853,000 after acquiring an additional 740 shares during the last quarter. Finally, Patten & Patten Inc. TN raised its holdings in shares of Exxon Mobil by 1.5% during the 2nd quarter. Patten & Patten Inc. TN now owns 136,310 shares of the oil and gas company’s stock worth $14,694,000 after acquiring an additional 1,992 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.0%

Exxon Mobil stock opened at $148.47 on Monday. The firm has a market capitalization of $626.12 billion, a P/E ratio of 22.19, a P/E/G ratio of 15.40 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $156.93. The stock’s fifty day simple moving average is $129.26 and its 200-day simple moving average is $118.82.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $82.31 billion during the quarter, compared to analyst estimates of $77.98 billion. During the same period last year, the business posted $1.67 earnings per share. Exxon Mobil’s revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares in the company, valued at $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 14,230 shares of company stock worth $1,888,421. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Loop Capital set a $123.00 price target on shares of Exxon Mobil in a report on Tuesday, February 3rd. Wells Fargo & Company decreased their price objective on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Bank of America increased their target price on shares of Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $155.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $140.59.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.