Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lessened by Bank OZK

Bank OZK cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,264 shares of the oil and gas company’s stock after selling 1,720 shares during the period. Exxon Mobil comprises approximately 1.0% of Bank OZK’s holdings, making the stock its 27th largest position. Bank OZK’s holdings in Exxon Mobil were worth $2,026,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Roberts Wealth Advisors LLC raised its position in Exxon Mobil by 1.0% during the third quarter. Roberts Wealth Advisors LLC now owns 15,326 shares of the oil and gas company’s stock valued at $1,685,000 after acquiring an additional 148 shares in the last quarter. Argus Investors Counsel Inc. raised its position in Exxon Mobil by 1.5% during the third quarter. Argus Investors Counsel Inc. now owns 20,350 shares of the oil and gas company’s stock valued at $2,393,000 after acquiring an additional 300 shares in the last quarter. Summit Financial Group Inc. raised its position in Exxon Mobil by 8.8% during the third quarter. Summit Financial Group Inc. now owns 49,361 shares of the oil and gas company’s stock valued at $5,804,000 after acquiring an additional 4,002 shares in the last quarter. S.E.E.D. Planning Group LLC raised its position in Exxon Mobil by 90.0% during the third quarter. S.E.E.D. Planning Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $502,000 after acquiring an additional 2,023 shares in the last quarter. Finally, New Hampshire Trust raised its position in Exxon Mobil by 0.4% during the third quarter. New Hampshire Trust now owns 49,111 shares of the oil and gas company’s stock valued at $5,774,000 after acquiring an additional 191 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Mizuho reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. TD Cowen lifted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, UBS Group lifted their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $3.37 during midday trading on Friday, reaching $117.96. 27,289,468 shares of the company traded hands, compared to its average volume of 16,002,832. The firm has a market cap of $466.92 billion, a PE ratio of 14.46, a PEG ratio of 4.05 and a beta of 0.96. The stock’s 50-day simple moving average is $113.33 and its 200-day simple moving average is $106.64. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.83 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s dividend payout ratio is currently 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.