CNB Bank Buys 1,780 Shares of Exxon Mobil Corporation (NYSE:XOM)

CNB Bank boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,019 shares of the oil and gas company’s stock after buying an additional 1,780 shares during the period. Exxon Mobil accounts for approximately 2.0% of CNB Bank’s investment portfolio, making the stock its 6th largest holding. CNB Bank’s holdings in Exxon Mobil were worth $3,927,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $32,000. Clarity Asset Management Inc. increased its holdings in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 100 shares during the period. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.5%

Exxon Mobil stock opened at $109.40 on Friday. The company’s fifty day simple moving average is $107.04 and its 200-day simple moving average is $108.48. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $471.49 billion, a P/E ratio of 14.51, a P/E/G ratio of 2.12 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the company posted $2.06 EPS. Exxon Mobil’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared 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. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.10.

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.