Community Bank N.A. Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Community Bank N.A. reduced its position in Exxon Mobil Co. (NYSE:XOM) by 0.2% in the third quarter, Holdings Channel.com reports. The fund owned 56,122 shares of the oil and gas company’s stock after selling 120 shares during the period. Community Bank N.A.’s holdings in Exxon Mobil were worth $6,579,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Patron Partners LLC boosted its stake in shares of Exxon Mobil by 7.4% during the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after acquiring an additional 2,564 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after acquiring an additional 4,578 shares in the last quarter. YHB Investment Advisors Inc. raised its holdings in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after buying an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after purchasing an additional 380,399 shares during the period. Finally, Blair William & Co. IL raised its holdings in shares of Exxon Mobil by 64.6% in the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after buying an additional 379,747 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Truist Financial dropped their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $117.96 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50 day simple moving average of $119.76 and a two-hundred day simple moving average of $116.55. The stock has a market capitalization of $518.45 billion, a P/E ratio of 14.69, a PEG ratio of 4.95 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Exxon Mobil Company 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.