American National Bank & Trust Co. VA Invests $2.17 Million in Exxon Mobil Co. (NYSE:XOM)

American National Bank & Trust Co. VA acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,653 shares of the oil and gas company’s stock, valued at approximately $2,168,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Vima LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $50,000. Redmont Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the first quarter worth approximately $88,000. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the third quarter worth approximately $91,000. Finally, Keener Financial Planning LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

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

Exxon Mobil Stock Down 1.2 %

Shares of NYSE:XOM opened at $113.33 on Friday. The firm has a 50 day simple moving average of $114.65 and a 200 day simple moving average of $110.06. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. 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 has a market cap of $446.86 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 4.15 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $2.83 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 9.23 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.35%. Exxon Mobil’s payout ratio is presently 46.57%.

Analyst Ratings Changes

A number of research analysts have issued reports on XOM shares. Barclays started coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. UBS Group raised their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Truist Financial reiterated a “hold” rating and set a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, Wells Fargo & Company upped their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $133.82.

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.