Bell Bank Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Bell Bank grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,321 shares of the oil and gas company’s stock after buying an additional 6,733 shares during the quarter. Exxon Mobil accounts for approximately 0.7% of Bell Bank’s holdings, making the stock its 24th biggest holding. Bell Bank’s holdings in Exxon Mobil were worth $8,963,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the 4th quarter worth about $47,000. Compass Financial Services Inc bought a new stake in Exxon Mobil in the fourth quarter worth about $48,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter valued at approximately $51,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on XOM shares. Wells Fargo & Company decreased their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. TD Cowen decreased their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Up 0.4 %

XOM opened at $111.18 on Tuesday. Exxon Mobil Co. has a 12 month low of $103.05 and a 12 month high of $126.34. The stock has a fifty day moving average price of $108.65 and a 200-day moving average price of $114.44. The firm has a market cap of $482.42 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.56%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

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.