Huntington National Bank Acquires 55,961 Shares of Exxon Mobil Co. (NYSE:XOM)

Huntington National Bank grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,821,261 shares of the oil and gas company's stock after purchasing an additional 55,961 shares during the period. Exxon Mobil makes up approximately 1.4% of Huntington National Bank's holdings, making the stock its 15th largest holding. Huntington National Bank's holdings in Exxon Mobil were worth $195,913,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after acquiring an additional 521,932 shares during the last quarter. United Bank raised its position in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company's stock valued at $2,101,000 after purchasing an additional 641 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Exxon Mobil in the third quarter worth $5,536,000. Concentric Capital Strategies LP grew its holdings in shares of Exxon Mobil by 17.5% during the third quarter. Concentric Capital Strategies LP now owns 14,600 shares of the oil and gas company's stock worth $1,711,000 after purchasing an additional 2,174 shares during the last quarter. Finally, Harbor Advisors LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at $944,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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Exxon Mobil Trading Down 7.3 %

XOM stock traded down $8.26 during midday trading on Friday, hitting $104.17. 30,827,385 shares of the company's stock were exchanged, compared to its average volume of 15,739,626. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The stock's fifty day moving average price is $111.16 and its 200-day moving average price is $113.81. The company has a market cap of $452.01 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm posted $2.48 EPS. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 50.51%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XOM. Truist Financial upped their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. HSBC reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. BMO Capital Markets lowered their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Finally, Argus raised Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $128.80.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

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.