Huntington National Bank trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,213,038 shares of the oil and gas company’s stock after selling 4,077 shares during the period. Huntington National Bank’s holdings in Exxon Mobil were worth $54,248,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nations Financial Group Inc. IA ADV boosted its position in Exxon Mobil by 2.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,524 shares of the oil and gas company’s stock valued at $324,000 after buying an additional 232 shares during the period. JGP Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 1.8% during the second quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock worth $571,000 after purchasing an additional 239 shares during the period. Portfolio Solutions LLC boosted its holdings in shares of Exxon Mobil by 3.7% during the first quarter. Portfolio Solutions LLC now owns 6,818 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 246 shares during the period. TrinityPoint Wealth LLC boosted its holdings in shares of Exxon Mobil by 1.8% during the first quarter. TrinityPoint Wealth LLC now owns 14,072 shares of the oil and gas company’s stock worth $534,000 after purchasing an additional 252 shares during the period. Finally, Whitener Capital Management Inc. boosted its holdings in shares of Exxon Mobil by 0.5% during the first quarter. Whitener Capital Management Inc. now owns 49,830 shares of the oil and gas company’s stock worth $1,892,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 52.16% of the company’s stock.
A number of analysts have recently weighed in on the stock. Mizuho dropped their target price on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Standpoint Research lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Piper Sandler increased their target price on shares of Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. JPMorgan Chase & Co. restated a “hold” rating and issued a $51.00 price objective on shares of Exxon Mobil in a report on Tuesday, June 9th. Finally, Bank of America restated a “buy” rating and issued a $70.00 price objective on shares of Exxon Mobil in a report on Monday, May 4th. Five investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $53.17.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). The firm had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $38.16 billion. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. Exxon Mobil’s revenue was down 52.8% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. On average, equities analysts expect that Exxon Mobil Co. will post -0.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend is Wednesday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 154.67%.
Exxon Mobil Profile
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.
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