Field & Main Bank lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,561 shares of the oil and gas company’s stock after acquiring an additional 780 shares during the period. Field & Main Bank’s holdings in Exxon Mobil were worth $562,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in XOM. Activest Wealth Management acquired a new position in shares of Exxon Mobil in the second quarter valued at about $42,000. tru Independence LLC acquired a new position in shares of Exxon Mobil in the second quarter valued at about $43,000. Lion Street Advisors LLC acquired a new position in shares of Exxon Mobil in the second quarter valued at about $44,000. Baldrige Asset Management LLC acquired a new position in shares of Exxon Mobil in the second quarter valued at about $50,000. Finally, USA Financial Portformulas Corp acquired a new position in shares of Exxon Mobil in the second quarter valued at about $57,000. Institutional investors and hedge funds own 51.66% of the company’s stock.
In other Exxon Mobil news, Director Michael J. Angelakis purchased 5,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, November 3rd. The stock was acquired at an average price of $64.00 per share, with a total value of $320,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Thursday, October 28th. The oil and gas company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.56 by $0.02. The company had revenue of $73.79 billion during the quarter, compared to the consensus estimate of $72.05 billion. Exxon Mobil had a negative net margin of 2.39% and a positive return on equity of 8.66%. The company’s quarterly revenue was up 59.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) EPS. As a group, analysts forecast that Exxon Mobil Co. will post 5.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 10th. Investors of record on Friday, November 12th will be given a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 10th. This represents a $3.52 annualized dividend and a yield of 5.55%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.87. Exxon Mobil’s dividend payout ratio (DPR) is presently -253.24%.
A number of equities research analysts have issued reports on the stock. Royal Bank of Canada set a $65.00 price objective on shares of Exxon Mobil in a research note on Friday, October 29th. DZ Bank downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $67.00 to $62.50 in a research note on Tuesday, August 3rd. Exane BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price objective on the stock. in a research note on Monday, October 11th. Truist Securities downgraded shares of Exxon Mobil from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $66.00 to $50.00 in a research note on Tuesday, November 2nd. Finally, The Goldman Sachs Group set a $71.00 price objective on shares of Exxon Mobil in a research note on Monday, November 1st. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Hold” and an average target price of $61.94.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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