Exxon Mobil Corporation $XOM Shares Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 215,804 shares of the oil and gas company’s stock after acquiring an additional 22,360 shares during the period. Exxon Mobil accounts for approximately 1.7% of BTC Capital Management Inc.’s investment portfolio, making the stock its 16th biggest holding. BTC Capital Management Inc.’s holdings in Exxon Mobil were worth $24,330,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Westfuller Advisors LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $30,000. Bare Financial Services Inc lifted its position in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the last quarter. Clayton Financial Group LLC acquired a new position in Exxon Mobil in the third quarter valued at $40,000. TruNorth Capital Management LLC boosted its stake in Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in shares of Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.0%

XOM opened at $148.47 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $156.93. The business has a 50 day moving average price of $129.26 and a two-hundred day moving average price of $118.73. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The company has a market cap of $626.12 billion, a PE ratio of 22.19, a P/E/G ratio of 15.59 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period last year, the business posted $1.67 EPS. The company’s revenue was down 1.3% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Piper Sandler reduced their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada raised their price target on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Loop Capital set a $123.00 price target on Exxon Mobil in a research report on Tuesday, February 3rd. Citigroup increased their price objective on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Finally, Barclays raised their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average target price of $140.59.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president owned 20,354 shares of the company’s stock, valued at $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is currently owned by company insiders.

About Exxon Mobil

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.