US Bancorp DE Cuts Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• US Bancorp DE has reduced its holdings in Exxon Mobil Corporation by 1.2%, now owning approximately 3.57 million shares valued at $424.9 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, yielding 3.5%, with the payout scheduled for September 10th.
• Research analysts have mixed ratings for Exxon, with a consensus rating of "Moderate Buy" and an average target price of $125.42.

US Bancorp DE trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,572,628 shares of the oil and gas company's stock after selling 43,161 shares during the quarter. US Bancorp DE owned 0.08% of Exxon Mobil worth $424,893,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the 1st quarter valued at approximately $29,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $32,000. Cloud Capital Management LLC acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Stock Up 0.0%

Shares of NYSE:XOM opened at $111.90 on Friday. The company has a fifty day moving average of $109.35 and a 200-day moving average of $109.15. The company has a market capitalization of $482.25 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 2.10 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio is currently 52.52%.

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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