Citizens Business Bank Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Citizens Business Bank lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,185 shares of the oil and gas company’s stock after selling 12,023 shares during the quarter. Exxon Mobil comprises 1.3% of Citizens Business Bank’s holdings, making the stock its 23rd biggest position. Citizens Business Bank’s holdings in Exxon Mobil were worth $5,950,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its position in shares of Exxon Mobil by 1.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 50,052 shares of the oil and gas company’s stock worth $5,885,000 after purchasing an additional 636 shares in the last quarter. Elevatus Welath Management raised its stake in Exxon Mobil by 10.0% in the third quarter. Elevatus Welath Management now owns 7,112 shares of the oil and gas company’s stock valued at $836,000 after buying an additional 649 shares during the last quarter. Legacy Advisors LLC boosted its holdings in Exxon Mobil by 49.1% in the third quarter. Legacy Advisors LLC now owns 18,969 shares of the oil and gas company’s stock worth $2,230,000 after acquiring an additional 6,245 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 2.2% during the third quarter. Laurel Wealth Advisors LLC now owns 24,881 shares of the oil and gas company’s stock worth $2,925,000 after acquiring an additional 525 shares during the last quarter. Finally, LaSalle St. Investment Advisors LLC increased its holdings in shares of Exxon Mobil by 28.8% during the third quarter. LaSalle St. Investment Advisors LLC now owns 45,080 shares of the oil and gas company’s stock valued at $5,300,000 after acquiring an additional 10,080 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XOM. Piper Sandler boosted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Wells Fargo & Company raised their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Finally, Truist Financial restated a “hold” rating and issued a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $114.96 on Tuesday. The company has a market capitalization of $453.29 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company’s fifty day moving average price is $115.25 and its 200 day moving average price is $109.72. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter last year, the company posted $2.83 EPS. The company’s revenue was down 4.0% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.