NBT Bank N A NY decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,259 shares of the oil and gas company’s stock after selling 4,993 shares during the period. Exxon Mobil comprises 2.3% of NBT Bank N A NY’s holdings, making the stock its 5th largest holding. NBT Bank N A NY’s holdings in Exxon Mobil were worth $15,581,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of XOM. Corrado Advisors LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $28,000. Clear Perspectives Financial Planning LLC grew its position in shares of Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after buying an additional 272 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Exxon Mobil in the 4th quarter worth $36,000. Align Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $38,000. Finally, Red Tortoise LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. Institutional investors own 57.49% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Jefferies Financial Group cut their target price on Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Cowen raised their price objective on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. B. Riley raised their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Scotiabank cut Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Finally, Piper Sandler raised their price objective on Exxon Mobil from $134.00 to $145.00 in a research note on Thursday, May 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.30.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. During the same quarter last year, the firm posted $2.07 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 9.59 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Tuesday, May 16th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 24.64%.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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