First National Bank Sioux Falls Sells 676 Shares of Exxon Mobil Corporation $XOM

First National Bank Sioux Falls reduced its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 13,151 shares of the oil and gas company’s stock after selling 676 shares during the quarter. First National Bank Sioux Falls’ holdings in Exxon Mobil were worth $1,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Nuveen LLC bought a new stake in shares of Exxon Mobil during the first quarter worth about $2,730,414,000. GQG Partners LLC increased its position in shares of Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after acquiring an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Finally, Amundi increased its position in shares of Exxon Mobil by 9.7% during the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock worth $2,966,598,000 after acquiring an additional 2,329,964 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.1%

Exxon Mobil stock opened at $112.21 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market cap of $478.38 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The firm’s 50-day simple moving average is $110.55 and its 200 day simple moving average is $109.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

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

Exxon Mobil Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s payout ratio is presently 56.25%.

Analyst Ratings Changes

Several equities research analysts have recently commented on XOM shares. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. UBS Group boosted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $124.81.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Company 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.