Sunflower Bank N.A. Acquires 776 Shares of Exxon Mobil Co. (NYSE:XOM)

Sunflower Bank N.A. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 24,215 shares of the oil and gas company’s stock after acquiring an additional 776 shares during the period. Exxon Mobil comprises 0.8% of Sunflower Bank N.A.’s portfolio, making the stock its 13th biggest position. Sunflower Bank N.A.’s holdings in Exxon Mobil were worth $2,838,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Etfidea LLC lifted its position in shares of Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares during the period. Bigelow Investment Advisors LLC lifted its position in shares of Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after buying an additional 86 shares during the period. Integral Investment Advisors Inc. lifted its position in shares of Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after buying an additional 87 shares during the period. CBIZ Investment Advisory Services LLC lifted its position in shares of Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after buying an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC increased its holdings in Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 88 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley lowered their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.88.

Exxon Mobil Trading Up 0.4 %

XOM stock traded up $0.47 during midday trading on Friday, hitting $123.61. 8,294,839 shares of the company’s stock were exchanged, compared to its average volume of 16,737,104. The company has a market cap of $487.40 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The stock’s fifty day moving average price is $116.90 and its 200-day moving average price is $116.34. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 earnings per share. Research analysts predict that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.07%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.