NTB Financial Corp Has $3.38 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

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NTB Financial Corp trimmed its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 5.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 40,918 shares of the oil and gas company’s stock after selling 2,175 shares during the quarter. Exxon Mobil accounts for about 2.4% of NTB Financial Corp’s holdings, making the stock its 5th biggest holding. NTB Financial Corp’s holdings in Exxon Mobil were worth $3,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Van ECK Associates Corp increased its position in Exxon Mobil by 5.3% during the 4th quarter. Van ECK Associates Corp now owns 92,910 shares of the oil and gas company’s stock valued at $5,686,000 after purchasing an additional 4,709 shares during the period. Berger Financial Group Inc increased its position in Exxon Mobil by 2.9% during the 4th quarter. Berger Financial Group Inc now owns 10,180 shares of the oil and gas company’s stock valued at $623,000 after purchasing an additional 286 shares during the period. Avion Wealth increased its position in Exxon Mobil by 19.9% during the 4th quarter. Avion Wealth now owns 15,533 shares of the oil and gas company’s stock valued at $950,000 after purchasing an additional 2,574 shares during the period. Helen Stephens Group LLC purchased a new position in Exxon Mobil during the 4th quarter valued at $2,050,000. Finally, NN Investment Partners Holdings N.V. increased its position in Exxon Mobil by 136.9% during the 4th quarter. NN Investment Partners Holdings N.V. now owns 469,595 shares of the oil and gas company’s stock valued at $28,735,000 after purchasing an additional 271,336 shares during the period. 54.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XOM. The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Piper Sandler raised shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $102.00 to $109.00 in a research report on Tuesday, July 19th. Truist Financial reduced their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Citigroup upped their target price on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, May 19th. Finally, Morgan Stanley reduced their target price on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $94.73.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $87.08 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The stock has a market capitalization of $366.83 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.32 and a beta of 1.07. The company’s 50-day simple moving average is $91.32 and its two-hundred day simple moving average is $84.67. Exxon Mobil Co. has a 52-week low of $52.10 and a 52-week high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. During the same quarter in the prior year, the company posted $0.65 EPS. Exxon Mobil’s revenue was up 53.0% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 11.46 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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