Exxon Mobil Co. (NYSE:XOM) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 30.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,281 shares of the oil and gas company’s stock after selling 8,384 shares during the quarter. Zions Bancorporation N.A.’s holdings in Exxon Mobil were worth $2,220,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XOM. Vanguard Group Inc. boosted its holdings in Exxon Mobil by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after buying an additional 1,269,495 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after acquiring an additional 4,080,716 shares during the last quarter. Capital International Investors increased its position in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in Exxon Mobil by 6.0% in the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after purchasing an additional 1,037,226 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.1 %

NYSE XOM opened at $111.15 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $438.27 billion, a P/E ratio of 13.62, a PEG ratio of 4.38 and a beta of 0.90. The firm’s 50-day moving average is $115.66 and its two-hundred day moving average is $115.14. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the business posted $1.94 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.42%. Exxon Mobil’s payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Barclays dropped their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Truist Financial cut their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, UBS Group boosted their price objective on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.29.

Exxon Mobil Company 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.