Stock Yards Bank & Trust Co. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,083 shares of the oil and gas company’s stock after buying an additional 1,953 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Exxon Mobil were worth $7,005,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Stonnington Group LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $422,000. Fragasso Group Inc. increased its holdings in shares of Exxon Mobil by 1.8% during the first quarter. Fragasso Group Inc. now owns 10,138 shares of the oil and gas company’s stock valued at $566,000 after acquiring an additional 182 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Exxon Mobil by 24.2% during the first quarter. Sunbelt Securities Inc. now owns 86,453 shares of the oil and gas company’s stock valued at $4,827,000 after acquiring an additional 16,829 shares in the last quarter. Kaizen Financial Strategies bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $375,000. Finally, Schroder Investment Management Group increased its holdings in shares of Exxon Mobil by 69.3% during the first quarter. Schroder Investment Management Group now owns 316,843 shares of the oil and gas company’s stock valued at $17,689,000 after acquiring an additional 129,648 shares in the last quarter. 51.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE XOM traded up $0.35 during midday trading on Thursday, hitting $63.48. The stock had a trading volume of 15,866,039 shares, compared to its average volume of 24,373,887. The business’s 50 day moving average is $61.91 and its 200-day moving average is $59.90. The company has a market cap of $268.75 billion, a P/E ratio of -45.67, a PEG ratio of 0.90 and a beta of 1.37. Exxon Mobil Co. has a 52 week low of $37.97 and a 52 week high of $66.38. The company has a quick ratio of 0.58, a current ratio of 0.90 and a debt-to-equity ratio of 0.26.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Friday, November 12th will be issued a dividend of $0.88 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.87. This represents a $3.52 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date is Wednesday, November 10th. Exxon Mobil’s dividend payout ratio is currently -253.24%.
XOM has been the subject of several recent research reports. Credit Suisse Group reiterated a “neutral” rating on shares of Exxon Mobil in a report on Thursday, October 21st. Bank of America reiterated a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a report on Monday, November 1st. Royal Bank of Canada set a $65.00 price objective on Exxon Mobil in a research note on Friday, October 29th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a research note on Monday, October 11th. Finally, Wells Fargo & Company upped their price objective on Exxon Mobil from $71.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 1st. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $61.94.
In other Exxon Mobil news, Director Michael J. Angelakis bought 5,000 shares of Exxon Mobil stock in a transaction on Wednesday, November 3rd. The stock was acquired at an average cost of $64.00 per share, with a total value of $320,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.05% of the stock is currently owned by corporate insiders.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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