Zions Bancorporation National Association UT Trims Stock Holdings in Exxon Mobil Corporation $XOM

Zions Bancorporation National Association UT lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 10.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 91,209 shares of the oil and gas company’s stock after selling 10,203 shares during the quarter. Exxon Mobil comprises about 0.5% of Zions Bancorporation National Association UT’s portfolio, making the stock its 27th largest position. Zions Bancorporation National Association UT’s holdings in Exxon Mobil were worth $10,284,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of XOM. Westfuller Advisors LLC purchased a new stake in Exxon Mobil in the third quarter valued at approximately $30,000. Bare Financial Services Inc lifted its stake in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the period. Clayton Financial Group LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at $40,000. TruNorth Capital Management LLC increased its stake in shares of Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC lifted its position in Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.0%

Exxon Mobil stock opened at $148.47 on Monday. The stock has a market capitalization of $626.12 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 15.40 and a beta of 0.39. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $156.93. The business has a 50 day simple moving average of $129.26 and a 200-day simple moving average of $118.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue was down 1.3% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,230 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. This trade represents a 13.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 14,230 shares of company stock worth $1,888,421 over the last three months. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Loop Capital set a $123.00 price target on Exxon Mobil in a research report on Tuesday, February 3rd. Sanford C. Bernstein dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Mizuho set a $140.00 price target on Exxon Mobil in a report on Wednesday, February 4th. Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Barclays lifted their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $140.59.

Exxon Mobil Company Profile

Exxon Mobil 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.