Moody National Bank Trust Division Sells 15,066 Shares of Exxon Mobil Corporation $XOM

Moody National Bank Trust Division reduced its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 23.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of XOM. Norges Bank purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $6,163,719,000. First Trust Advisors LP lifted its holdings in Exxon Mobil by 150.2% during the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after purchasing an additional 4,563,707 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Exxon Mobil by 200.7% in the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares during the period. Franklin Resources Inc. boosted its position in shares of Exxon Mobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after purchasing an additional 2,660,910 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Exxon Mobil by 218.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock worth $155,696,000 after purchasing an additional 2,546,791 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $165.43 on Friday. The firm 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 firm has a fifty day moving average price of $148.48 and a 200 day moving average price of $127.58. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $167.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly 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 net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the previous year, the firm posted $1.67 EPS. Exxon Mobil’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. HSBC lifted their target price on shares of Exxon Mobil from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Friday, March 20th. Sanford C. Bernstein cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. BNP Paribas Exane downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, February 3rd. UBS Group reaffirmed a “buy” rating and issued a $171.00 price objective on shares of Exxon Mobil in a research note on Monday, February 2nd. Finally, Piper Sandler increased their target price on Exxon Mobil from $145.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $148.89.

Check Out Our Latest Research Report on XOM

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the transaction, the vice president directly owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 11,460 shares of company stock valued at $1,687,854 in the last quarter. 0.03% of the stock is currently owned by insiders.

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About Exxon Mobil

(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.

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

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