United Bank Has $2.35 Million Position in Exxon Mobil Corporation $XOM

United Bank boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,821 shares of the oil and gas company’s stock after purchasing an additional 600 shares during the period. United Bank’s holdings in Exxon Mobil were worth $2,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Novare Capital Management LLC grew its position in shares of Exxon Mobil by 20.3% in the 2nd quarter. Novare Capital Management LLC now owns 14,499 shares of the oil and gas company’s stock valued at $1,563,000 after buying an additional 2,442 shares during the last quarter. CapWealth Advisors LLC increased its stake in shares of Exxon Mobil by 5.2% in the 2nd quarter. CapWealth Advisors LLC now owns 20,830 shares of the oil and gas company’s stock valued at $2,245,000 after acquiring an additional 1,029 shares in the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Exxon Mobil by 1.3% in the 2nd quarter. Quotient Wealth Partners LLC now owns 630,138 shares of the oil and gas company’s stock valued at $67,929,000 after acquiring an additional 7,857 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in shares of Exxon Mobil by 3.8% in the 2nd quarter. Koshinski Asset Management Inc. now owns 45,645 shares of the oil and gas company’s stock valued at $4,921,000 after acquiring an additional 1,674 shares in the last quarter. Finally, Citizens Business Bank boosted its holdings in Exxon Mobil by 9.5% in the second quarter. Citizens Business Bank now owns 29,339 shares of the oil and gas company’s stock worth $3,163,000 after acquiring an additional 2,544 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.68 on Tuesday. The stock has a market cap of $480.38 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a fifty day moving average of $111.97 and a 200-day moving average of $109.22.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s payout ratio is presently 56.25%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Melius started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

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.