Security National Bank of Sioux City Iowa IA increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 16.5% during the first quarter, Holdings Channel.com reports. The firm owned 42,693 shares of the oil and gas company’s stock after acquiring an additional 6,052 shares during the quarter. Exxon Mobil accounts for 1.9% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 11th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in Exxon Mobil were worth $2,383,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Exxon Mobil during the fourth quarter worth $1,648,683,000. Amundi Pioneer Asset Management Inc. grew its stake in Exxon Mobil by 223.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 15,656,605 shares of the oil and gas company’s stock valued at $645,365,000 after acquiring an additional 10,818,671 shares during the period. Morgan Stanley raised its holdings in Exxon Mobil by 25.3% in the 4th quarter. Morgan Stanley now owns 24,392,033 shares of the oil and gas company’s stock valued at $1,005,441,000 after buying an additional 4,927,441 shares during the period. FMR LLC increased its stake in Exxon Mobil by 6.8% during the fourth quarter. FMR LLC now owns 70,602,466 shares of the oil and gas company’s stock worth $2,910,233,000 after purchasing an additional 4,470,829 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Exxon Mobil by 114.8% in the fourth quarter. SG Americas Securities LLC now owns 463,343 shares of the oil and gas company’s stock valued at $19,099,000 after acquiring an additional 3,584,657 shares during the period. 51.42% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on XOM. Truist raised their price objective on Exxon Mobil from $60.00 to $64.00 in a report on Monday, May 3rd. Raymond James raised Exxon Mobil from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 14th. Credit Suisse Group reissued a “neutral” rating and issued a $69.00 price target on shares of Exxon Mobil in a research note on Monday. UBS Group restated a “neutral” rating and set a $62.00 price objective (up from $48.00) on shares of Exxon Mobil in a research report on Monday, March 15th. Finally, DZ Bank upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Wednesday, May 5th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $56.41.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.06. The firm had revenue of $59.15 billion during the quarter, compared to the consensus estimate of $55.36 billion. Exxon Mobil had a negative return on equity of 0.48% and a negative net margin of 10.35%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 3.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Thursday, May 13th were issued a $0.87 dividend. The ex-dividend date was Wednesday, May 12th. This represents a $3.48 annualized dividend and a yield of 5.55%. Exxon Mobil’s dividend payout ratio (DPR) is -1,054.55%.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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