American National Bank Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

American National Bank lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 16.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,315 shares of the oil and gas company’s stock after purchasing an additional 16,725 shares during the period. Exxon Mobil comprises 1.7% of American National Bank’s investment portfolio, making the stock its 12th biggest position. American National Bank’s holdings in Exxon Mobil were worth $13,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Intact Investment Management Inc. lifted its stake in Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after purchasing an additional 47,400 shares in the last quarter. AJOVista LLC acquired a new position in Exxon Mobil during the fourth quarter worth $312,000. Kinsale Capital Group Inc. boosted its stake in Exxon Mobil by 33.0% during the fourth quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after buying an additional 9,657 shares during the last quarter. Buckingham Capital Management Inc. increased its stake in shares of Exxon Mobil by 24.4% in the 4th quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock worth $1,039,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Unique Wealth Strategies LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $1,839,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

XOM stock traded up $1.00 on Thursday, hitting $114.85. The company’s stock had a trading volume of 5,010,908 shares, compared to its average volume of 17,071,686. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market cap of $452.85 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The firm has a 50 day moving average of $114.90 and a two-hundred day moving average of $113.67.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the business posted $1.94 EPS. The company’s revenue was up 12.2% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.31%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Truist Financial cut their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.56.

Exxon Mobil Company Profile

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.