Central Bank & Trust Co. Acquires 380 Shares of Exxon Mobil Co. (NYSE:XOM)

Central Bank & Trust Co. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.5% during the third quarter, HoldingsChannel.com reports. The fund owned 7,249 shares of the oil and gas company’s stock after purchasing an additional 380 shares during the period. Central Bank & Trust Co.’s holdings in Exxon Mobil were worth $850,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of XOM. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the 1st quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC lifted its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.3 %

Shares of NYSE XOM opened at $118.96 on Wednesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $469.06 billion, a PE ratio of 14.81, a P/E/G ratio of 4.79 and a beta of 0.90. The company’s fifty day simple moving average is $117.69 and its 200 day simple moving average is $116.33.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the business posted $2.27 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.99 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. TD Cowen cut their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday. Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Wolfe Research lifted their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

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.