Atlantic Union Bankshares Corp Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Atlantic Union Bankshares Corp boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 60.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,030 shares of the oil and gas company’s stock after purchasing an additional 48,151 shares during the period. Exxon Mobil comprises 0.9% of Atlantic Union Bankshares Corp’s investment portfolio, making the stock its 27th largest position. Atlantic Union Bankshares Corp’s holdings in Exxon Mobil were worth $14,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in Exxon Mobil by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after purchasing an additional 1,539 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $2,776,000. Linden Thomas Advisory Services LLC increased its position in shares of Exxon Mobil by 10.5% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,345 shares of the oil and gas company’s stock valued at $734,000 after acquiring an additional 697 shares in the last quarter. Alaska Permanent Fund Corp raised its holdings in Exxon Mobil by 6,392.9% in the 4th quarter. Alaska Permanent Fund Corp now owns 13,765 shares of the oil and gas company’s stock worth $1,376,000 after acquiring an additional 13,553 shares during the last quarter. Finally, Fractal Investments LLC lifted its position in Exxon Mobil by 31.4% in the 4th quarter. Fractal Investments LLC now owns 6,700 shares of the oil and gas company’s stock valued at $670,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XOM shares. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Barclays lowered their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Mizuho boosted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, TD Cowen raised their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.56.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $1.59 during midday trading on Friday, reaching $116.32. 10,381,431 shares of the stock traded hands, compared to its average volume of 17,064,939. The stock has a market cap of $458.65 billion, a P/E ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91. The stock’s fifty day moving average is $115.14 and its 200-day moving average is $113.78. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.