Bell Bank Increases Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Bell Bank boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,417 shares of the oil and gas company's stock after buying an additional 3,096 shares during the quarter. Exxon Mobil makes up 0.6% of Bell Bank's holdings, making the stock its 29th biggest position. Bell Bank's holdings in Exxon Mobil were worth $10,278,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. raised its position in Exxon Mobil by 28.9% during the first quarter. Rakuten Securities Inc. now owns 1,672 shares of the oil and gas company's stock worth $199,000 after acquiring an additional 375 shares during the period. Insigneo Advisory Services LLC boosted its position in Exxon Mobil by 17.4% during the first quarter. Insigneo Advisory Services LLC now owns 46,192 shares of the oil and gas company's stock worth $5,494,000 after acquiring an additional 6,837 shares during the last quarter. Demars Financial Group LLC boosted its holdings in shares of Exxon Mobil by 13.5% during the 1st quarter. Demars Financial Group LLC now owns 228,626 shares of the oil and gas company's stock worth $27,190,000 after purchasing an additional 27,109 shares during the last quarter. Lesa Sroufe & Co purchased a new stake in Exxon Mobil in the 1st quarter valued at $275,000. Finally, Cardinal Capital Management increased its position in Exxon Mobil by 0.3% during the first quarter. Cardinal Capital Management now owns 112,953 shares of the oil and gas company's stock worth $13,434,000 after purchasing an additional 294 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.07 on Wednesday. The firm has a 50 day moving average of $105.91 and a two-hundred day moving average of $108.66. The stock has a market capitalization of $491.58 billion, a PE ratio of 15.13, a P/E/G ratio of 2.25 and a beta of 0.49. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. 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 released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the business posted $2.06 earnings per share. Exxon Mobil's revenue was up .1% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on XOM shares. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.

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