NBT Bank N A NY reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,259 shares of the oil and gas company’s stock after selling 4,993 shares during the quarter. Exxon Mobil comprises 2.3% of NBT Bank N A NY’s portfolio, making the stock its 5th largest holding. NBT Bank N A NY’s holdings in Exxon Mobil were worth $15,581,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. boosted its stake in Exxon Mobil by 16.6% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock valued at $1,140,000 after purchasing an additional 1,469 shares in the last quarter. St. Louis Trust Co boosted its stake in Exxon Mobil by 11.0% during the 4th quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock valued at $3,919,000 after purchasing an additional 3,507 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Exxon Mobil by 5.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after acquiring an additional 5,770 shares in the last quarter. Northstar Asset Management LLC boosted its stake in shares of Exxon Mobil by 3.0% during the 4th quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after acquiring an additional 925 shares in the last quarter. Finally, TTP Investments Inc. boosted its stake in shares of Exxon Mobil by 0.9% during the 4th quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock worth $2,299,000 after acquiring an additional 181 shares in the last quarter. 57.49% of the stock is owned by institutional investors.
In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the sale, the vice president now directly owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Exxon Mobil Stock Performance
Shares of NYSE:XOM traded down $0.32 during midday trading on Friday, hitting $105.34. The company’s stock had a trading volume of 5,967,301 shares, compared to its average volume of 16,195,097. The stock has a market capitalization of $425.89 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 0.63 and a beta of 1.09. The stock’s 50 day simple moving average is $110.33 and its 200 day simple moving average is $110.59. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two week high of $119.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.18. The company had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $2.07 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.59 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 24.64%.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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