Bremer Bank National Association Sells 697 Shares of Exxon Mobil Co. (NYSE:XOM)

Bremer Bank National Association lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,031 shares of the oil and gas company’s stock after selling 697 shares during the quarter. Bremer Bank National Association’s holdings in Exxon Mobil were worth $434,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Eagle Capital Management LLC grew its stake in Exxon Mobil by 4.9% during the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 114 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Exxon Mobil by 21.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,765 shares of the oil and gas company’s stock worth $1,124,000 after purchasing an additional 1,737 shares in the last quarter. Certified Advisory Corp boosted its holdings in shares of Exxon Mobil by 20.9% during the 2nd quarter. Certified Advisory Corp now owns 10,418 shares of the oil and gas company’s stock valued at $1,199,000 after purchasing an additional 1,799 shares during the last quarter. Interval Partners LP purchased a new position in shares of Exxon Mobil during the second quarter valued at about $4,155,000. Finally, Resources Management Corp CT ADV increased its holdings in shares of Exxon Mobil by 0.7% in the second quarter. Resources Management Corp CT ADV now owns 56,828 shares of the oil and gas company’s stock worth $6,542,000 after purchasing an additional 368 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $111.52 on Wednesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a market capitalization of $490.12 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 3.01 and a beta of 0.91. The stock’s fifty day moving average is $112.40 and its two-hundred day moving average is $115.50. 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 (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.55%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Finally, Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

About Exxon Mobil

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.