Atlantic Union Bankshares Corp Sells 2,923 Shares of Exxon Mobil Corporation (NYSE:XOM)

Atlantic Union Bankshares Corp cut its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,618 shares of the oil and gas company's stock after selling 2,923 shares during the period. Exxon Mobil accounts for approximately 0.9% of Atlantic Union Bankshares Corp's investment portfolio, making the stock its 29th biggest holding. Atlantic Union Bankshares Corp's holdings in Exxon Mobil were worth $15,534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP raised its position in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after buying an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $55,000. Legacy Trust boosted its holdings in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after purchasing an additional 997 shares during the last quarter. Paradigm Capital Management LLC NV grew its position in Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after purchasing an additional 227 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its stake in Exxon Mobil by 24.2% in the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock valued at $4,605,000 after buying an additional 7,543 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on XOM shares. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a report on Tuesday. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Price Performance

NYSE XOM opened at $107.87 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $464.88 billion, a P/E ratio of 14.31, a PEG ratio of 2.01 and a beta of 0.50. The company has a 50-day moving average price of $108.66 and a 200-day moving average price of $108.97. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.