Exxon Mobil Co. (NYSE:XOM) Shares Sold by HTLF Bank

HTLF Bank cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,854 shares of the oil and gas company’s stock after selling 1,599 shares during the period. HTLF Bank’s holdings in Exxon Mobil were worth $2,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the third quarter worth $51,000. Compass Financial Services Inc acquired a new stake in Exxon Mobil in the fourth quarter valued at $48,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the 3rd quarter valued at $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on XOM shares. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. UBS Group cut their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insiders Place Their Bets

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

Exxon Mobil Stock Down 3.9 %

XOM opened at $107.37 on Thursday. The stock’s 50 day moving average price is $109.16 and its 200 day moving average price is $114.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $471.90 billion, a P/E ratio of 13.70, a P/E/G ratio of 2.94 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business earned $2.48 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.69%. Exxon Mobil’s payout ratio is 50.51%.

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.