UMB Bank n.a. Trims Stake in Exxon Mobil Corporation $XOM

Key Points

• UMB Bank n.a. reduced its stake in Exxon Mobil Corporation by 1.0%, selling 3,955 shares and holding a total of 405,271 shares worth approximately $43.7 million at the end of the 2nd quarter.
• Analysts have mixed ratings for Exxon Mobil, with one Strong Buy, eight Buy, eleven Hold, and one Sell ratings, along with an average target price of $124.76.
• Exxon Mobil recently announced a $0.99 quarterly dividend, yielding 3.5%, with a payout ratio of 56.25%.

UMB Bank n.a. lowered its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 405,271 shares of the oil and gas company's stock after selling 3,955 shares during the quarter. UMB Bank n.a.'s holdings in Exxon Mobil were worth $43,688,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Journey Strategic Wealth LLC boosted its holdings in shares of Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after buying an additional 1,379 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock valued at $45,149,000 after buying an additional 131,600 shares during the period. Legacy Trust increased its position in shares of Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after buying an additional 997 shares during the period. Hartford Funds Management Co LLC grew its holdings in shares of Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. grew its holdings in shares of Exxon Mobil by 23.9% during the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after purchasing an additional 18,752 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 2.0%

Exxon Mobil stock traded up $2.20 during mid-day trading on Tuesday, hitting $114.22. The company's stock had a trading volume of 13,468,225 shares, compared to its average volume of 16,590,564. The company has a 50 day moving average of $110.50 and a 200-day moving average of $109.37. The stock has a market cap of $486.97 billion, a PE ratio of 16.23, a P/E/G ratio of 2.06 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

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

Exxon Mobil Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on XOM shares. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. UBS Group increased their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Bank of America increased their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Finally, Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. 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 MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $124.76.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction 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 completion of the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

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.