Renasant Bank Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Renasant Bank increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,369 shares of the oil and gas company’s stock after purchasing an additional 493 shares during the quarter. Renasant Bank’s holdings in Exxon Mobil were worth $1,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. King Wealth Management Group raised its stake in shares of Exxon Mobil by 2.7% during the 4th quarter. King Wealth Management Group now owns 31,130 shares of the oil and gas company’s stock worth $3,349,000 after buying an additional 809 shares in the last quarter. Aviso Financial Inc. grew its holdings in Exxon Mobil by 6.9% during the fourth quarter. Aviso Financial Inc. now owns 8,899 shares of the oil and gas company’s stock worth $957,000 after acquiring an additional 573 shares during the period. Atala Financial Inc purchased a new position in Exxon Mobil in the fourth quarter worth $311,000. Integras Partners LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $2,792,000. Finally, Whitegate Investment Counselors Inc. boosted its position in shares of Exxon Mobil by 3.1% during the 4th quarter. Whitegate Investment Counselors Inc. now owns 6,956 shares of the oil and gas company’s stock worth $748,000 after purchasing an additional 210 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $108.58 on Friday. The company has a market capitalization of $471.14 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company’s 50 day simple moving average is $109.26 and its 200 day simple moving average is $113.73.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the firm posted $2.48 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Morgan Stanley upped their price target on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil 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.