UMB Bank n.a. Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

UMB Bank n.a. decreased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 419,078 shares of the oil and gas company's stock after selling 48,737 shares during the quarter. UMB Bank n.a.'s holdings in Exxon Mobil were worth $45,080,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of XOM. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth approximately $46,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the third quarter valued at $51,000. Highline Wealth Partners LLC purchased a new position in Exxon Mobil in the 3rd quarter worth about $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Exxon Mobil during the 3rd quarter valued at about $63,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 1.1 %

Shares of XOM traded down $1.25 during mid-day trading on Wednesday, hitting $110.22. 6,946,014 shares of the company traded hands, compared to its average volume of 14,727,072. The business has a 50 day moving average of $112.22 and a 200 day moving average of $115.48. The company has a market capitalization of $484.44 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $96.73 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter last year, the company posted $2.27 earnings per share. The business's quarterly revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is currently 49.32%.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Morgan Stanley decreased their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $128.84.

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.