Country Trust Bank Boosts Position in Exxon Mobil Corporation $XOM

Country Trust Bank grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 110.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,409 shares of the oil and gas company’s stock after acquiring an additional 2,833 shares during the period. Country Trust Bank’s holdings in Exxon Mobil were worth $583,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Elequin Capital LP acquired a new stake in Exxon Mobil during the 1st quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the second quarter worth about $38,000. Finally, 1248 Management LLC acquired a new stake in Exxon Mobil during the first quarter worth about $40,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.53 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a fifty day moving average of $114.76 and a 200 day moving average of $111.25. The firm has a market cap of $482.99 billion, a PE ratio of 16.27, a PEG ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Mizuho decreased their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. Finally, Bank of America increased their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

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.