First International Bank & Trust Sells 1,062 Shares of Exxon Mobil Corporation $XOM

First International Bank & Trust reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 34.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,055 shares of the oil and gas company’s stock after selling 1,062 shares during the quarter. First International Bank & Trust’s holdings in Exxon Mobil were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in XOM. Park Edge Advisors LLC lifted its stake in Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after acquiring an additional 91 shares during the period. Axis Wealth Partners LLC lifted its position in shares of Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock worth $591,000 after purchasing an additional 93 shares during the period. Gagnon Securities LLC boosted its position in Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after acquiring an additional 95 shares in the last quarter. Ascent Capital Management LLC boosted its position in Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after purchasing an additional 96 shares in the last quarter. Finally, DDD Partners LLC grew its position in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock worth $810,000 after buying an additional 96 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday. Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Piper Sandler upped their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, August 18th. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average price target of $124.81.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $112.21 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $110.55 and a two-hundred day simple moving average of $109.14. 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 $478.38 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the business posted $2.14 EPS. The company’s revenue was down 12.4% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

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.