Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lessened by Peoples Financial Services CORP.

Peoples Financial Services CORP. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,781 shares of the oil and gas company’s stock after selling 971 shares during the period. Exxon Mobil makes up about 2.2% of Peoples Financial Services CORP.’s investment portfolio, making the stock its 9th largest position. Peoples Financial Services CORP.’s holdings in Exxon Mobil were worth $4,803,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of XOM. Triasima Portfolio Management inc. boosted its stake in Exxon Mobil by 3.5% during the first quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company’s stock worth $500,000 after buying an additional 153 shares during the period. TIAA FSB boosted its stake in shares of Exxon Mobil by 8.2% during the 1st quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock worth $55,837,000 after purchasing an additional 38,760 shares during the period. Horizons Wealth Management grew its holdings in Exxon Mobil by 214.6% during the 2nd quarter. Horizons Wealth Management now owns 453 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 309 shares during the last quarter. Nvest Financial LLC raised its position in Exxon Mobil by 5.6% in the 1st quarter. Nvest Financial LLC now owns 3,651 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 194 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its stake in Exxon Mobil by 4.9% in the first quarter. Newbridge Financial Services Group Inc. now owns 21,302 shares of the oil and gas company’s stock worth $2,336,000 after purchasing an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 458,000 shares of the stock in a transaction on Monday, July 31st. The stock was acquired at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares in the company, valued at $174,830,550. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Jeffrey W. Ubben purchased 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were acquired at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the purchase, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now owns 27,772 shares of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XOM. UBS Group increased their price target on Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $100.00 to $105.00 in a research report on Thursday, August 31st. Piper Sandler lowered their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Mizuho raised their price target on shares of Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday. Finally, HSBC boosted their price objective on shares of Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $123.78.

Exxon Mobil Price Performance

XOM opened at $117.69 on Tuesday. The firm has a market capitalization of $471.14 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The business’s 50-day moving average is $108.65 and its two-hundred day moving average is $108.49. Exxon Mobil Co. has a 1 year low of $83.89 and a 1 year high of $119.92.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). The firm had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company’s revenue was down 28.3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.14 EPS. Research analysts anticipate that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a $0.91 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.09%. Exxon Mobil’s payout ratio is 29.12%.

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.