Exxon Mobil Corporation $XOM Shares Purchased by First Bank & Trust

Key Points

• First Bank & Trust significantly increased its holdings in Exxon Mobil, boosting its shares by 71.9% during the second quarter, now owning 25,354 shares valued at approximately $2.73 million.
• Exxon Mobil reported $1.64 EPS in its latest quarterly earnings, exceeding estimates by $0.17, with a total revenue of $81.51 billion.
• The company recently declared a quarterly dividend of $0.99, resulting in an annualized dividend of $3.96 which translates to a dividend yield of 3.5%.

First Bank & Trust increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 71.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,354 shares of the oil and gas company's stock after purchasing an additional 10,602 shares during the period. First Bank & Trust's holdings in Exxon Mobil were worth $2,733,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XOM. Two Sigma Investments LP boosted its stake in Exxon Mobil by 6.0% during the 4th quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock worth $3,234,000 after purchasing an additional 1,698 shares during the period. Twinbeech Capital LP purchased a new position in Exxon Mobil during the 4th quarter worth $15,501,000. Virtus Investment Advisers Inc. purchased a new position in Exxon Mobil during the 4th quarter worth $151,000. iSAM Funds UK Ltd purchased a new position in Exxon Mobil during the 4th quarter worth $979,000. Finally, Woodline Partners LP purchased a new position in Exxon Mobil during the 4th quarter worth $28,392,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $114.64 on Wednesday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market capitalization of $488.74 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.05 and a beta of 0.57. The firm's 50-day moving average is $110.59 and its two-hundred day moving average is $109.19. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same period last year, the company earned $2.14 EPS. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $124.76.

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.

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