Security National Bank of Sioux City Iowa IA Sells 1,838 Shares of Exxon Mobil Co. (NYSE:XOM)

Security National Bank of Sioux City Iowa IA cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,794 shares of the oil and gas company’s stock after selling 1,838 shares during the quarter. Exxon Mobil makes up approximately 2.8% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 5th biggest position. Security National Bank of Sioux City Iowa IA’s holdings in Exxon Mobil were worth $3,890,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil during the 1st quarter worth about $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC grew its position in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth $39,000. Finally, POM Investment Strategies LLC lifted its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Barclays reduced their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Truist Financial lowered their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Mizuho upped their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Morgan Stanley lowered their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.82.

Exxon Mobil Stock Down 1.7 %

Exxon Mobil stock opened at $112.80 on Friday. The stock’s 50 day moving average price is $115.77 and its 200 day moving average price is $115.57. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a market cap of $444.77 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the firm earned $1.94 EPS. The business’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.