Exxon Mobil Co. (XOM) is First Interstate Bank’s 10th Largest Position

First Interstate Bank trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 110,724 shares of the oil and gas company’s stock after selling 2,514 shares during the period. Exxon Mobil comprises approximately 1.9% of First Interstate Bank’s holdings, making the stock its 10th largest holding. First Interstate Bank’s holdings in Exxon Mobil were worth $7,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XOM. Massey Quick Simon & CO. LLC boosted its position in shares of Exxon Mobil by 625.3% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 469 shares during the last quarter. Cerebellum GP LLC boosted its position in shares of Exxon Mobil by 3,424.1% in the 4th quarter. Cerebellum GP LLC now owns 1,022 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 993 shares during the last quarter. NuWave Investment Management LLC boosted its position in shares of Exxon Mobil by 9,100.0% in the 4th quarter. NuWave Investment Management LLC now owns 1,472 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 1,456 shares during the last quarter. Colrain Capital LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $101,000. Finally, CenterStar Asset Management LLC boosted its position in shares of Exxon Mobil by 120.3% in the 4th quarter. CenterStar Asset Management LLC now owns 1,539 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 9,139 shares during the last quarter. Hedge funds and other institutional investors own 53.86% of the company’s stock.

In other Exxon Mobil news, VP Bryan W. Milton sold 6,033 shares of Exxon Mobil stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the sale, the vice president now owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.05% of the company’s stock.

Several research analysts have recently issued reports on XOM shares. Royal Bank of Canada restated a “buy” rating and issued a $95.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 19th. Macquarie upgraded Exxon Mobil from an “underperform” rating to an “outperform” rating and set a $83.00 price target on the stock in a research report on Thursday, February 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $87.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 26th. HSBC restated a “buy” rating and issued a $85.00 price target on shares of Exxon Mobil in a research report on Wednesday, February 13th. Finally, Argus restated a “buy” rating on shares of Exxon Mobil in a research report on Wednesday, February 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $84.81.

Shares of Exxon Mobil stock opened at $74.10 on Friday. The firm has a market cap of $314.00 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.59 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). The business had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. On average, analysts expect that Exxon Mobil Co. will post 3.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 4.70%. The ex-dividend date is Friday, May 10th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.82. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

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About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: What is the Current Ratio?

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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