NBT Bank N A NY Boosts Holdings in ExxonMobil Corporation $XOM

NBT Bank N A NY increased its position in shares of ExxonMobil Corporation (NYSE:XOM) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,933 shares of the oil and gas company’s stock after purchasing an additional 7,518 shares during the quarter. ExxonMobil makes up approximately 1.9% of NBT Bank N A NY’s holdings, making the stock its 8th biggest holding. NBT Bank N A NY’s holdings in ExxonMobil were worth $28,491,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Impact Partnership Wealth LLC increased its holdings in shares of ExxonMobil by 0.6% during the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock worth $2,039,000 after buying an additional 67 shares in the last quarter. Cardinal Strategic Wealth Guidance boosted its holdings in shares of ExxonMobil by 1.9% in the 1st quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock worth $631,000 after acquiring an additional 68 shares in the last quarter. ICW Investment Advisors LLC boosted its holdings in shares of ExxonMobil by 0.3% in the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after acquiring an additional 69 shares in the last quarter. Swisher Financial Concepts Inc. grew its position in ExxonMobil by 0.3% during the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after acquiring an additional 69 shares during the last quarter. Finally, Fortis Capital Management LLC increased its holdings in ExxonMobil by 2.0% during the 4th quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock valued at $434,000 after purchasing an additional 70 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Trading Down 2.7%

XOM stock opened at $137.31 on Friday. The company has a market cap of $569.12 billion, a P/E ratio of 23.15, a PEG ratio of 0.61 and a beta of 0.17. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $146.53 and a 200-day moving average of $145.43.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.76 earnings per share. As a group, equities research analysts expect that ExxonMobil Corporation will post 11.64 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. ExxonMobil’s dividend payout ratio is presently 69.48%.

Analysts Set New Price Targets

A number of equities analysts have commented on XOM shares. Weiss Ratings lowered ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Wells Fargo & Company raised their target price on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Piper Sandler cut their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group upped their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group increased their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and an average target price of $164.45.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon signaled a stronger-than-expected Q2 earnings backdrop, with higher crude prices and improved refining/upstream margins expected to lift results. Strong Commodity Tailwinds Poised to Boost XOM’s Q2 Results
• Positive Sentiment: The company updated Q2 earnings considerations, and multiple reports said the new outlook points to a potentially large profit windfall, with some estimates rising to around $5 billion in quarterly earnings lift. Exxon Mobil updates Q2 earnings considerations, cites impacts across key businesses
• Positive Sentiment: ExxonMobil and partners committed about $1 billion to Nigeria’s Usan Infill Project, which could add roughly 40,000 barrels per day of production and strengthen future output growth. ExxonMobil to invest $1 billion in Nigeria’s oilfield, regulator says

ExxonMobil Profile

ExxonMobil 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.