Exxon Mobil Co. (NYSE:XOM) Shares Bought by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 16.7% during the second quarter, Holdings Channel reports. The firm owned 37,867 shares of the oil and gas company’s stock after buying an additional 5,417 shares during the period. Exxon Mobil comprises about 0.8% of MidWestOne Financial Group Inc.’s holdings, making the stock its 18th largest position. MidWestOne Financial Group Inc.’s holdings in Exxon Mobil were worth $4,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Etfidea LLC lifted its holdings in shares of Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC lifted its stake in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after acquiring an additional 86 shares in the last quarter. Integral Investment Advisors Inc. lifted its stake in Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after acquiring an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 87 shares in the last quarter. Finally, Mascoma Wealth Management LLC raised its holdings in shares of Exxon Mobil by 7.0% in the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.7 %

XOM stock opened at $115.83 on Friday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The stock has a market cap of $456.72 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a fifty day moving average price of $115.76 and a two-hundred day moving average price of $115.61. 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 announced 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. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.94 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced 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. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XOM. Mizuho increased their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Wolfe Research initiated coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Truist Financial lowered their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Barclays dropped their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $135.00.

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.