Simmons Bank Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Simmons Bank cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,883 shares of the oil and gas company’s stock after selling 15,971 shares during the quarter. Exxon Mobil makes up approximately 1.0% of Simmons Bank’s portfolio, making the stock its 23rd largest holding. Simmons Bank’s holdings in Exxon Mobil were worth $12,186,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. FMR LLC raised its stake in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the period. Morgan Stanley lifted its holdings in shares of Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after buying an additional 1,066,937 shares in the last quarter. Northern Trust Corp boosted its position in shares of Exxon Mobil by 1.3% in the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after acquiring an additional 576,078 shares during the period. Fisher Asset Management LLC grew its stake in Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after acquiring an additional 11,216,602 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Exxon Mobil by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock worth $1,088,077,000 after acquiring an additional 132,196 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following 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 Securities & Exchange Commission, which is available at the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.2 %

Shares of XOM stock traded down $0.27 during mid-day trading on Wednesday, reaching $115.90. The stock had a trading volume of 9,912,966 shares, compared to its average volume of 18,718,951. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $115.15 and its two-hundred day moving average price is $106.95. The firm has a market capitalization of $456.99 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter last year, the business posted $2.83 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Scotiabank upped their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. HSBC raised their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Mizuho restated a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Wells Fargo & Company increased their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.18.

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.