Union Savings Bank Invests $3.69 Million in ExxonMobil Corporation $XOM

by · The Markets Daily

Union Savings Bank acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) in the fourth quarter, Holdings Channel.com reports. The firm acquired 30,644 shares of the oil and gas company’s stock, valued at approximately $3,688,000. ExxonMobil makes up about 1.6% of Union Savings Bank’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds have also made changes to their positions in the stock. ICW Investment Advisors LLC raised its holdings in ExxonMobil by 0.3% in the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after acquiring an additional 69 shares in the last quarter. Fortis Capital Management LLC grew its holdings in shares of ExxonMobil by 2.0% during the 4th quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 70 shares in the last quarter. Peoples Bank OH increased its position in shares of ExxonMobil by 0.5% during the fourth quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after purchasing an additional 71 shares during the period. Paulson Wealth Management Inc. raised its stake in shares of ExxonMobil by 1.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock valued at $887,000 after purchasing an additional 72 shares in the last quarter. Finally, Peirce Capital Management LLC raised its stake in shares of ExxonMobil by 1.7% in the fourth quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock valued at $516,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

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ExxonMobil Stock Performance

NYSE XOM opened at $137.84 on Friday. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The company has a 50 day moving average of $149.98 and a 200-day moving average of $143.22. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market cap of $571.36 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.58 and a beta of 0.16.

ExxonMobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the business earned $1.76 EPS. ExxonMobil’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on XOM shares. Piper Sandler decreased their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Scotiabank raised their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Sanford C. Bernstein decreased their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Finally, Citigroup upped their target price on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and a consensus target price of $165.70.

Read Our Latest Stock Analysis on XOM

ExxonMobil Company Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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