Field & Main Bank Trims Stake in Exxon Mobil Corporation $XOM

Field & Main Bank lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,450 shares of the oil and gas company’s stock after selling 2,074 shares during the quarter. Field & Main Bank’s holdings in Exxon Mobil were worth $2,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Journey Strategic Wealth LLC increased its holdings in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after purchasing an additional 1,379 shares during the period. Jones Financial Companies Lllp increased its holdings in Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after buying an additional 131,600 shares during the period. Hartford Funds Management Co LLC raised its position in shares of Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after acquiring an additional 2,617 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in Exxon Mobil by 23.9% in the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock worth $11,561,000 after purchasing an additional 18,752 shares in the last quarter. Finally, SteelPeak Wealth LLC lifted its position in Exxon Mobil by 24.2% during the first quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company’s stock valued at $4,605,000 after acquiring an additional 7,543 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on XOM shares. UBS Group raised their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 7th. Finally, Melius began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $114.57 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The firm has a market capitalization of $488.45 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.06 and a beta of 0.51. The company has a fifty day simple moving average of $113.19 and a 200-day simple moving average of $109.86. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm 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%. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

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.