NBT Bank N A NY Sells 3,850 Shares of Exxon Mobil Corporation (NYSE:XOM)

NBT Bank N A NY lessened its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 174,508 shares of the oil and gas company's stock after selling 3,850 shares during the period. Exxon Mobil accounts for 1.5% of NBT Bank N A NY's investment portfolio, making the stock its 11th biggest position. NBT Bank N A NY's holdings in Exxon Mobil were worth $20,754,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of XOM. Tallon Kerry Patrick purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $789,000. Union Bancaire Privee UBP SA bought a new position in Exxon Mobil in the fourth quarter worth about $48,348,000. SOA Wealth Advisors LLC. lifted its holdings in Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock worth $753,000 after buying an additional 1,595 shares during the period. Campbell Wealth Management boosted its position in Exxon Mobil by 7.6% during the 4th quarter. Campbell Wealth Management now owns 44,587 shares of the oil and gas company's stock valued at $4,796,000 after acquiring an additional 3,146 shares in the last quarter. Finally, Kanawha Capital Management LLC grew its holdings in shares of Exxon Mobil by 2.3% during the 4th quarter. Kanawha Capital Management LLC now owns 143,118 shares of the oil and gas company's stock worth $15,395,000 after acquiring an additional 3,276 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.07 on Wednesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a 50 day moving average of $105.91 and a 200 day moving average of $108.66. 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 cap of $491.58 billion, a P/E ratio of 15.13, a PEG ratio of 2.25 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. As a group, research analysts expect 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 issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. Exxon Mobil's payout ratio is 52.52%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho decreased their price target 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 lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average 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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