Huntington National Bank Buys 55,961 Shares of Exxon Mobil Co. (NYSE:XOM)

Huntington National Bank raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,821,261 shares of the oil and gas company’s stock after purchasing an additional 55,961 shares during the quarter. Exxon Mobil accounts for about 1.4% of Huntington National Bank’s holdings, making the stock its 15th biggest holding. Huntington National Bank’s holdings in Exxon Mobil were worth $195,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rockline Wealth Management LLC raised its holdings in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after buying an additional 1,498 shares in the last quarter. Renasant Bank raised its position in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after purchasing an additional 493 shares during the period. Helen Stephens Group LLC lifted its stake in Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after purchasing an additional 2,825 shares during the last quarter. Merewether Investment Management LP boosted its position in Exxon Mobil by 3.2% during the third quarter. Merewether Investment Management LP now owns 307,243 shares of the oil and gas company’s stock valued at $36,015,000 after buying an additional 9,600 shares during the period. Finally, Hartford Funds Management Co LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $543,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $118.93 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a 50 day moving average price of $111.01 and a 200-day moving average price of $113.85. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The firm has a market capitalization of $516.06 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm posted $2.48 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on XOM shares. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Scotiabank cut their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.05.

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.