Bank & Trust Co Has $2.12 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Bank & Trust Co lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,743 shares of the oil and gas company’s stock after selling 192 shares during the quarter. Exxon Mobil accounts for approximately 1.8% of Bank & Trust Co’s holdings, making the stock its 12th biggest holding. Bank & Trust Co’s holdings in Exxon Mobil were worth $2,124,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Bangor Savings Bank increased its position in Exxon Mobil by 74.1% in the 4th quarter. Bangor Savings Bank now owns 44,423 shares of the oil and gas company’s stock valued at $4,779,000 after acquiring an additional 18,900 shares in the last quarter. Canandaigua National Trust Co of Florida lifted its stake in shares of Exxon Mobil by 30.3% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 6,444 shares of the oil and gas company’s stock valued at $693,000 after acquiring an additional 1,499 shares during the period. Canandaigua National Bank & Trust Co. boosted its holdings in Exxon Mobil by 1.7% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 220,576 shares of the oil and gas company’s stock valued at $23,727,000 after acquiring an additional 3,716 shares during the last quarter. Ables Iannone Moore & Associates Inc. increased its position in Exxon Mobil by 2.4% in the fourth quarter. Ables Iannone Moore & Associates Inc. now owns 8,235 shares of the oil and gas company’s stock worth $886,000 after purchasing an additional 196 shares during the period. Finally, Advance Capital Management Inc. raised its holdings in Exxon Mobil by 1.0% during the 4th quarter. Advance Capital Management Inc. now owns 11,615 shares of the oil and gas company’s stock worth $1,249,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM traded up $1.65 during midday trading on Tuesday, reaching $109.39. 4,195,193 shares of the stock were exchanged, compared to its average volume of 11,594,993. 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 stock’s 50 day simple moving average is $114.23 and its 200 day simple moving average is $115.83. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a market cap of $480.78 billion, a P/E ratio of 13.62, a PEG ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $128.74.

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.