iAB Financial Bank raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,138 shares of the oil and gas company’s stock after buying an additional 693 shares during the period. Exxon Mobil Corporation accounts for approximately 1.3% of iAB Financial Bank’s investment portfolio, making the stock its 19th largest position. iAB Financial Bank’s holdings in Exxon Mobil Corporation were worth $2,554,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. CWA Asset Management Group LLC increased its position in Exxon Mobil Corporation by 25.6% in the fourth quarter. CWA Asset Management Group LLC now owns 60,815 shares of the oil and gas company’s stock worth $5,489,000 after buying an additional 12,399 shares during the period. Amtrust Financial Services Inc. purchased a new position in Exxon Mobil Corporation during the fourth quarter worth about $985,000. Hemenway Trust Co LLC increased its position in Exxon Mobil Corporation by 3.8% in the fourth quarter. Hemenway Trust Co LLC now owns 96,107 shares of the oil and gas company’s stock worth $8,675,000 after buying an additional 3,490 shares during the period. Perennial Advisors LLC purchased a new position in Exxon Mobil Corporation during the fourth quarter worth about $1,571,000. Finally, LVW Advisors LLC increased its position in Exxon Mobil Corporation by 3.3% in the fourth quarter. LVW Advisors LLC now owns 44,583 shares of the oil and gas company’s stock worth $4,024,000 after buying an additional 1,428 shares during the period. Institutional investors and hedge funds own 50.77% of the company’s stock.
Exxon Mobil Corporation (NYSE XOM) traded up 0.50% on Friday, reaching $76.64. The company had a trading volume of 14,324,342 shares. The firm has a market capitalization of $324.73 billion, a P/E ratio of 27.63 and a beta of 0.81. The company’s 50-day moving average price is $79.94 and its 200 day moving average price is $81.47. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 4.02%. Exxon Mobil Corporation’s payout ratio is 111.19%.
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A number of equities analysts have recently issued reports on XOM shares. Zacks Investment Research upgraded Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BMO Capital Markets set a $78.00 price target on Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. BNP Paribas restated a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil Corporation in a research note on Wednesday, July 5th. Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 price target on the stock in a research note on Monday, July 10th. Finally, Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, July 11th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $84.94.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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