Simmons Bank Has $12.99 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Simmons Bank cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,782 shares of the oil and gas company’s stock after selling 2,058 shares during the quarter. Exxon Mobil accounts for 1.0% of Simmons Bank’s portfolio, making the stock its 22nd biggest holding. Simmons Bank’s holdings in Exxon Mobil were worth $12,993,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. LifeGoal Wealth Advisors bought a new position in Exxon Mobil during the fourth quarter worth about $356,000. Sabal Trust CO lifted its stake in Exxon Mobil by 40.0% during the fourth quarter. Sabal Trust CO now owns 363,792 shares of the oil and gas company’s stock worth $39,133,000 after purchasing an additional 103,879 shares during the period. Gibraltar Capital Management Inc. lifted its stake in Exxon Mobil by 1.1% during the fourth quarter. Gibraltar Capital Management Inc. now owns 64,611 shares of the oil and gas company’s stock worth $6,950,000 after purchasing an additional 723 shares during the period. DMKC Advisory Services LLC bought a new position in Exxon Mobil during the fourth quarter worth about $1,919,000. Finally, Weil Company Inc. lifted its stake in Exxon Mobil by 1.7% during the fourth quarter. Weil Company Inc. now owns 6,315 shares of the oil and gas company’s stock worth $679,000 after purchasing an additional 106 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. BMO Capital Markets cut their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

XOM opened at $111.33 on Friday. The company has a fifty day moving average price of $108.95 and a two-hundred day moving average price of $114.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52 week low of $104.03 and a 52 week high of $126.34. The firm has a market capitalization of $483.08 billion, a PE ratio of 14.20, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business posted $2.48 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Exxon Mobil Profile

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.