ANB Bank Decreases Holdings in Exxon Mobil Corporation $XOM

ANB Bank decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,519 shares of the oil and gas company’s stock after selling 1,488 shares during the period. Exxon Mobil accounts for about 1.1% of ANB Bank’s holdings, making the stock its 27th biggest position. ANB Bank’s holdings in Exxon Mobil were worth $2,428,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Plotkin Financial Advisors LLC increased its stake in shares of Exxon Mobil by 19.9% during the 2nd quarter. Plotkin Financial Advisors LLC now owns 12,936 shares of the oil and gas company’s stock worth $1,394,000 after purchasing an additional 2,143 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in Exxon Mobil by 37.8% during the second quarter. Bell Investment Advisors Inc now owns 4,995 shares of the oil and gas company’s stock valued at $538,000 after purchasing an additional 1,370 shares during the period. Beta Wealth Group Inc. increased its position in Exxon Mobil by 1.8% in the second quarter. Beta Wealth Group Inc. now owns 5,925 shares of the oil and gas company’s stock worth $639,000 after buying an additional 105 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in Exxon Mobil in the second quarter worth $922,000. Finally, Tortoise Investment Management LLC raised its stake in shares of Exxon Mobil by 4.1% in the second quarter. Tortoise Investment Management LLC now owns 3,809 shares of the oil and gas company’s stock valued at $411,000 after buying an additional 151 shares during the period. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $119.21 on Friday. The company has a 50 day moving average of $114.07 and a 200 day moving average of $110.65. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market cap of $502.73 billion, a P/E ratio of 16.93, a P/E/G ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s dividend payout ratio is 59.88%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Mizuho cut their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Barclays lowered their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $128.67.

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.