UMB Bank n.a. Lowers Holdings in Exxon Mobil Corporation $XOM

UMB Bank n.a. reduced its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 396,447 shares of the oil and gas company’s stock after selling 8,824 shares during the period. UMB Bank n.a.’s holdings in Exxon Mobil were worth $44,699,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Norges Bank purchased a new position in Exxon Mobil in the second quarter worth approximately $6,163,719,000. First Trust Advisors LP increased its position in shares of Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after purchasing an additional 4,563,707 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Exxon Mobil by 200.7% in the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after purchasing an additional 4,015,099 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares in the last quarter. Finally, Mizuho Markets Cayman LP acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $144,147,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.7%

XOM stock opened at $141.43 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $142.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a fifty day moving average of $122.80 and a 200-day moving average of $116.12. The stock has a market capitalization of $596.43 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 14.84 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders 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 yield of 2.9%. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. TD Cowen restated a “buy” rating on shares of Exxon Mobil in a research note on Monday, January 26th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Bank of America lifted their price target on shares of Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Finally, Sanford C. Bernstein decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.93.

Read Our Latest Stock Analysis on XOM

About Exxon Mobil

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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