Pinnacle Bank decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 27.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,589 shares of the oil and gas company’s stock after selling 2,895 shares during the quarter. Pinnacle Bank’s holdings in Exxon Mobil were worth $339,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Norges Bank purchased a new stake in Exxon Mobil during the 4th quarter worth $3,055,993,000. First Eagle Investment Management LLC lifted its stake in shares of Exxon Mobil by 38.2% in the first quarter. First Eagle Investment Management LLC now owns 27,551,706 shares of the oil and gas company’s stock worth $1,046,138,000 after acquiring an additional 7,611,498 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Exxon Mobil by 7.6% during the 4th quarter. Capital Research Global Investors now owns 66,388,650 shares of the oil and gas company’s stock valued at $4,632,600,000 after buying an additional 4,674,009 shares during the last quarter. State Street Corp raised its stake in shares of Exxon Mobil by 2.1% in the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock valued at $7,840,960,000 after purchasing an additional 4,222,270 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 18.9% in the 1st quarter. Franklin Resources Inc. now owns 25,832,354 shares of the oil and gas company’s stock valued at $980,847,000 after acquiring an additional 4,097,287 shares during the last quarter. Institutional investors own 52.23% of the company’s stock.
XOM stock traded down $0.59 during midday trading on Tuesday, reaching $43.81. The stock had a trading volume of 9,075,274 shares, compared to its average volume of 24,780,312. The firm has a market cap of $186.38 billion, a price-to-earnings ratio of 16.44 and a beta of 1.33. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $77.88. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $46.41 and a two-hundred day simple moving average of $51.67.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.49. The company had revenue of $56.16 billion for the quarter, compared to analyst estimates of $58.25 billion. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. On average, equities analysts predict that Exxon Mobil Co. will post -1.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 7.94%. The ex-dividend date was Tuesday, May 12th. Exxon Mobil’s payout ratio is 154.67%.
Several equities analysts have recently commented on the company. HSBC reaffirmed a “neutral” rating and set a $48.00 target price on shares of Exxon Mobil in a report on Thursday, March 12th. Royal Bank of Canada reiterated a “sell” rating and issued a $42.00 target price on shares of Exxon Mobil in a research note on Friday, May 1st. Standpoint Research lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Finally, UBS Group upped their target price on shares of Exxon Mobil from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $56.09.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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