NBT Bank N A NY Sells 3,693 Shares of ExxonMobil Corporation $XOM

NBT Bank N A NY lowered its holdings in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 160,415 shares of the oil and gas company’s stock after selling 3,693 shares during the quarter. ExxonMobil accounts for about 1.4% of NBT Bank N A NY’s investment portfolio, making the stock its 13th largest holding. NBT Bank N A NY’s holdings in ExxonMobil were worth $20,185,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Westfuller Advisors LLC bought a new stake in shares of ExxonMobil in the 3rd quarter valued at about $30,000. Clayton Financial Group LLC bought a new stake in shares of ExxonMobil in the 3rd quarter valued at about $40,000. TruNorth Capital Management LLC lifted its stake in shares of ExxonMobil by 1,595.2% in the 3rd 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 during the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of ExxonMobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares during the last quarter. Finally, Marquette Asset Management LLC lifted its stake in shares of ExxonMobil by 307.0% in the 3rd quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 307 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 11,460 shares of company stock worth $1,687,854 over the last ninety days. 0.03% of the stock is currently owned by insiders.

ExxonMobil Trading Down 2.2%

ExxonMobil stock opened at $149.23 on Wednesday. The stock has a market cap of $620.28 billion, a P/E ratio of 22.31, a PEG ratio of 0.92 and a beta of 0.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The firm’s 50 day moving average price is $154.90 and its 200-day moving average price is $132.11.

ExxonMobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. ExxonMobil’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that ExxonMobil Corporation will post 7.43 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, February 12th. ExxonMobil’s payout ratio is currently 61.58%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their target price on ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Wells Fargo & Company upped their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. HSBC increased their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. Zacks Research upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Bank of America raised their price objective on shares of ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.20.

View Our Latest Report on XOM

ExxonMobil News Summary

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About ExxonMobil

(Free Report)

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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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