Security National Bank of Sioux City Iowa IA Has $3.22 Million Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Security National Bank of Sioux City Iowa IA reduced its stake in Exxon Mobil by 15.5%, now holding 27,097 shares worth approximately $3.22 million, making it the bank's 8th largest holding.
• Exxon Mobil reported $1.64 EPS for the recent quarter, exceeding expectations, but its revenue declined by 12.4% compared to the same quarter last year.
• The company has declared a quarterly dividend of $0.99 per share, reflecting an annualized dividend yield of 3.6%, with the payout ratio currently at 56.25%.

Security National Bank of Sioux City Iowa IA cut its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,097 shares of the oil and gas company's stock after selling 4,971 shares during the quarter. Exxon Mobil comprises about 2.3% of Security National Bank of Sioux City Iowa IA's portfolio, making the stock its 8th biggest holding. Security National Bank of Sioux City Iowa IA's holdings in Exxon Mobil were worth $3,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SageView Advisory Group LLC raised its holdings in Exxon Mobil by 10.3% in the 1st quarter. SageView Advisory Group LLC now owns 45,532 shares of the oil and gas company's stock valued at $5,415,000 after acquiring an additional 4,255 shares in the last quarter. Advisory Alpha LLC raised its holdings in Exxon Mobil by 10.4% in the 1st quarter. Advisory Alpha LLC now owns 35,633 shares of the oil and gas company's stock valued at $4,238,000 after acquiring an additional 3,366 shares in the last quarter. Game Plan Financial Advisors LLC raised its holdings in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. Alaethes Wealth LLC raised its holdings in Exxon Mobil by 7.2% in the 1st quarter. Alaethes Wealth LLC now owns 22,130 shares of the oil and gas company's stock valued at $2,632,000 after acquiring an additional 1,490 shares in the last quarter. Finally, SCS Capital Management LLC acquired a new position in Exxon Mobil in the 1st quarter valued at $9,321,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.7%

Shares of Exxon Mobil stock opened at $110.58 on Wednesday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock's 50-day moving average is $110.52 and its 200 day moving average is $109.11. The firm has a market cap of $471.43 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.05 and a beta of 0.57.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen cut Exxon Mobil from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Finally, Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Hold" and a consensus target price of $125.00.

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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