Stock Yards Bank & Trust Co. Trims Stake in Exxon Mobil Corporation $XOM

Stock Yards Bank & Trust Co. decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 246,146 shares of the oil and gas company’s stock after selling 12,232 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Exxon Mobil were worth $27,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Nexus Investment Management ULC grew its holdings in shares of Exxon Mobil by 1.6% during the third quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after buying an additional 89 shares in the last quarter. Axis Wealth Partners LLC boosted its position in Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 90 shares during the last quarter. Sagace Wealth Management LLC grew its stake in Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after acquiring an additional 90 shares during the period. Willow Creek Wealth Management Inc. boosted its holdings in shares of Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 91 shares during the last quarter. Finally, Creative Capital Management Investments LLC lifted its position in Exxon Mobil by 2.5% during the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after buying an additional 91 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on XOM shares. Citigroup upped their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. TD Cowen restated a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Mizuho lifted their price objective on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price for the company in a research report on Monday, December 8th. Finally, Jefferies Financial Group lifted their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $133.63 on Thursday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $133.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The company has a market capitalization of $563.54 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 8.28 and a beta of 0.37. The firm’s fifty day moving average price is $120.12 and its 200 day moving average price is $114.98.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.16. The business had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 earnings per share. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were 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 was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.