AMG National Trust Bank Acquires 2,368 Shares of Exxon Mobil Corporation $XOM

AMG National Trust Bank raised its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 80,417 shares of the oil and gas company’s stock after purchasing an additional 2,368 shares during the period. AMG National Trust Bank’s holdings in Exxon Mobil were worth $8,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Journey Strategic Wealth LLC lifted its position in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock valued at $2,608,000 after purchasing an additional 1,379 shares during the period. Jones Financial Companies Lllp lifted its position in Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after purchasing an additional 131,600 shares during the period. Hartford Funds Management Co LLC lifted its position in Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock valued at $912,000 after purchasing an additional 2,617 shares during the period. Phoenix Financial Ltd. lifted its position in Exxon Mobil by 23.9% during the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock valued at $11,561,000 after purchasing an additional 18,752 shares during the period. Finally, SteelPeak Wealth LLC lifted its position in Exxon Mobil by 24.2% during the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company’s stock valued at $4,605,000 after purchasing an additional 7,543 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

NYSE XOM opened at $114.52 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The business has a 50 day simple moving average of $113.26 and a 200 day simple moving average of $109.94. The stock has a market cap of $488.21 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Mizuho cut their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Wells Fargo & Company started coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.00.

About Exxon Mobil

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.