Exxon Mobil Co. (NYSE:XOM) Position Raised by Hancock Whitney Corp

Hancock Whitney Corp increased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 262,611 shares of the oil and gas company's stock after purchasing an additional 8,369 shares during the period. Exxon Mobil makes up approximately 0.9% of Hancock Whitney Corp's portfolio, making the stock its 18th largest position. Hancock Whitney Corp's holdings in Exxon Mobil were worth $28,249,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Barclays lowered their price objective on shares of Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $126.50.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Down 0.6 %

Shares of XOM traded down $0.64 during trading on Monday, reaching $107.93. The company's stock had a trading volume of 4,284,754 shares, compared to its average volume of 15,838,674. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $466.83 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a fifty day moving average of $109.75 and a two-hundred day moving average of $112.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company posted $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.67%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

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.