Amalgamated Bank Has $105 Million Position in Exxon Mobil Co. (NYSE:XOM)

Amalgamated Bank lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the third quarter, Holdings Channel.com reports. The firm owned 895,765 shares of the oil and gas company’s stock after selling 9,261 shares during the quarter. Exxon Mobil accounts for 0.9% of Amalgamated Bank’s portfolio, making the stock its 14th biggest holding. Amalgamated Bank’s holdings in Exxon Mobil were worth $105,002,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Clarity Financial LLC lifted its holdings in shares of Exxon Mobil by 5.2% in the third quarter. Clarity Financial LLC now owns 233,591 shares of the oil and gas company’s stock worth $27,381,000 after acquiring an additional 11,610 shares during the last quarter. United Advisor Group LLC lifted its holdings in shares of Exxon Mobil by 15.5% during the third quarter. United Advisor Group LLC now owns 51,171 shares of the oil and gas company’s stock worth $5,998,000 after purchasing an additional 6,856 shares during the period. Central Bank & Trust Co. grew its position in shares of Exxon Mobil by 5.5% in the 3rd quarter. Central Bank & Trust Co. now owns 7,249 shares of the oil and gas company’s stock valued at $850,000 after buying an additional 380 shares during the last quarter. ASB Consultores LLC increased its position in Exxon Mobil by 5.6% during the 3rd quarter. ASB Consultores LLC now owns 7,516 shares of the oil and gas company’s stock valued at $881,000 after purchasing an additional 397 shares during the period. Finally, Martin Investment Management LLC increased its position in shares of Exxon Mobil by 3.2% during the third quarter. Martin Investment Management LLC now owns 14,296 shares of the oil and gas company’s stock worth $1,676,000 after buying an additional 444 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $118.96 on Wednesday. The stock’s 50-day moving average is $117.69 and its 200 day moving average is $116.33. The stock has a market cap of $469.06 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 4.79 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the business posted $2.27 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.99 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Wolfe Research lifted their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Truist Financial dropped their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.95.

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.