Enterprise Financial Services Corp Has $3.67 Million Stock Holdings in ExxonMobil Corporation $XOM

Enterprise Financial Services Corp increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 30.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,652 shares of the oil and gas company’s stock after purchasing an additional 5,106 shares during the quarter. ExxonMobil accounts for 1.9% of Enterprise Financial Services Corp’s holdings, making the stock its 11th biggest position. Enterprise Financial Services Corp’s holdings in ExxonMobil were worth $3,673,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in ExxonMobil by 2.0% in the 4th quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after acquiring an additional 1,457,560 shares in the last quarter. Norges Bank acquired a new position in ExxonMobil in the 4th quarter worth $7,625,063,000. Bank of New York Mellon Corp increased its holdings in ExxonMobil by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after purchasing an additional 531,362 shares in the last quarter. Northern Trust Corp increased its holdings in ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after purchasing an additional 445,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of ExxonMobil by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock valued at $4,102,708,000 after purchasing an additional 293,446 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Barclays increased their price objective on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Scotiabank boosted their target price on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price target on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, TD Cowen decreased their price target on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average target price of $164.45.

ExxonMobil Trading Up 0.8%

Shares of NYSE:XOM opened at $148.50 on Tuesday. The company’s 50-day moving average price is $145.76 and its two-hundred day moving average price is $146.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. The stock has a market capitalization of $615.50 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. On average, equities analysts forecast that ExxonMobil Corporation will post 11.38 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.8%. ExxonMobil’s dividend payout ratio is 69.48%.

ExxonMobil Company Profile

ExxonMobil 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.