Keybank National Association OH Sells 5,868 Shares of Exxon Mobil Corporation (NYSE:XOM)

Keybank National Association OH decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,278,180 shares of the oil and gas company's stock after selling 5,868 shares during the quarter. Keybank National Association OH's holdings in Exxon Mobil were worth $152,014,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rossby Financial LCC boosted its position in Exxon Mobil by 50.5% during the 1st quarter. Rossby Financial LCC now owns 8,998 shares of the oil and gas company's stock worth $977,000 after acquiring an additional 3,019 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Exxon Mobil by 22.5% during the first quarter. Summit Trail Advisors LLC now owns 84,358 shares of the oil and gas company's stock valued at $10,033,000 after purchasing an additional 15,484 shares during the last quarter. Sageworth Trust Co of South Dakota boosted its position in shares of Exxon Mobil by 15.4% in the 1st quarter. Sageworth Trust Co of South Dakota now owns 3,754 shares of the oil and gas company's stock valued at $446,000 after purchasing an additional 500 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Exxon Mobil by 2.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 687,787 shares of the oil and gas company's stock worth $81,799,000 after purchasing an additional 13,686 shares in the last quarter. Finally, Lansing Street Advisors raised its holdings in Exxon Mobil by 3.6% during the 1st quarter. Lansing Street Advisors now owns 4,026 shares of the oil and gas company's stock worth $479,000 after buying an additional 141 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.0%

XOM stock traded up $1.10 during trading hours on Friday, hitting $112.15. The company's stock had a trading volume of 11,223,580 shares, compared to its average volume of 15,759,096. The stock has a 50 day moving average price of $107.25 and a two-hundred day moving average price of $108.48. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market capitalization of $483.33 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.50. 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 (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 (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the business earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is 52.52%.

Analyst Upgrades and Downgrades

Several brokerages have commented on XOM. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Scotiabank cut their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and increased their target price for the company from $125.00 to $131.00 in a report on Wednesday. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $125.40.

Exxon Mobil 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.