AMG National Trust Bank Has $9.28 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

AMG National Trust Bank increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,049 shares of the oil and gas company's stock after purchasing an additional 2,322 shares during the period. AMG National Trust Bank's holdings in Exxon Mobil were worth $9,282,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. FLC Capital Advisors raised its position in Exxon Mobil by 1.3% in the first quarter. FLC Capital Advisors now owns 41,094 shares of the oil and gas company's stock worth $4,887,000 after purchasing an additional 530 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Exxon Mobil by 6.4% in the 1st quarter. Diversify Advisory Services LLC now owns 35,545 shares of the oil and gas company's stock worth $3,852,000 after acquiring an additional 2,142 shares in the last quarter. Archer Investment Corp grew its position in Exxon Mobil by 3.3% during the 1st quarter. Archer Investment Corp now owns 23,686 shares of the oil and gas company's stock worth $2,817,000 after acquiring an additional 753 shares during the last quarter. Jennison Associates LLC increased its holdings in Exxon Mobil by 15.0% during the 1st quarter. Jennison Associates LLC now owns 1,774,811 shares of the oil and gas company's stock valued at $211,078,000 after purchasing an additional 231,153 shares in the last quarter. Finally, Alexander Labrunerie & CO. Inc. increased its holdings in Exxon Mobil by 1.0% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 47,649 shares of the oil and gas company's stock valued at $5,667,000 after purchasing an additional 473 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Down 3.4%

Shares of Exxon Mobil stock traded down $3.79 during trading hours on Friday, reaching $107.87. 32,323,515 shares of the company's stock were exchanged, compared to its average volume of 15,860,627. The company has a 50 day moving average of $108.66 and a two-hundred day moving average of $108.97. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $464.88 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.01 and a beta of 0.50.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 52.52%.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Piper Sandler increased their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $125.42.

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.