Iowa State Bank Sells 641 Shares of Exxon Mobil Corporation $XOM

Iowa State Bank trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,759 shares of the oil and gas company’s stock after selling 641 shares during the quarter. Exxon Mobil accounts for about 1.2% of Iowa State Bank’s holdings, making the stock its 28th largest position. Iowa State Bank’s holdings in Exxon Mobil were worth $5,903,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Nuveen LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $2,730,414,000. GQG Partners LLC raised its stake in shares of Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Exxon Mobil during the second quarter worth about $607,621,000. Ameriprise Financial Inc. grew its position in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after buying an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Exxon Mobil by 72.5% during the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after buying an additional 2,332,293 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. UBS Group boosted their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Barclays cut their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.79.

Exxon Mobil Trading Down 0.2%

NYSE XOM opened at $114.08 on Thursday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $111.28 and a 200-day moving average of $109.54. The firm has a market cap of $486.35 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 2.07 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 EPS. Exxon Mobil’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred on 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 owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

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.