Exxon Mobil Co. (NYSE:XOM) Stock Position Trimmed by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 18.7% in the fourth quarter, Holdings Channel reports. The firm owned 32,068 shares of the oil and gas company’s stock after selling 7,376 shares during the period. Exxon Mobil accounts for 2.4% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 8th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in Exxon Mobil were worth $3,450,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM opened at $108.44 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock’s 50 day simple moving average is $109.00 and its 200 day simple moving average is $110.91. The firm has a market cap of $467.34 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter last year, the business earned $2.06 earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Royal Bank of Canada cut their price target on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating for the company in a research note on Monday, May 5th. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. BMO Capital Markets lowered their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Piper Sandler dropped their target price on shares of Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Barclays lowered their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

About Exxon Mobil

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.