Moody National Bank Trust Division Lowers Position in Exxon Mobil Corporation $XOM

Moody National Bank Trust Division decreased its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 23.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 49,444 shares of the oil and gas company’s stock after selling 15,066 shares during the period. Moody National Bank Trust Division’s holdings in Exxon Mobil were worth $5,950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Westfuller Advisors LLC bought a new position in Exxon Mobil in the third quarter worth $30,000. Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $40,000. TruNorth Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 335 shares in the last quarter. Bare Financial Services Inc grew its position in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its position in shares of Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after buying an additional 181 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of XOM opened at $165.43 on Friday. The company has a market cap of $689.31 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 1.28 and a beta of 0.35. The business’s fifty day simple moving average is $148.48 and its two-hundred day simple moving average is $127.58. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $167.48. 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 (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 earnings per share. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were given a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. Exxon Mobil’s payout ratio is 61.58%.

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Exxon Mobil from $145.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Morgan Stanley decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. BNP Paribas Exane lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price for the company. in a report on Tuesday, February 3rd. Finally, Sanford C. Bernstein dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $148.89.

Read Our Latest Stock Report on Exxon Mobil

Exxon Mobil Profile

(Free Report)

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.

Read More

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.