Stock Yards Bank & Trust Co. lessened its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,744 shares of the oil and gas company's stock after selling 8,373 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Exxon Mobil were worth $32,206,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Exxon Mobil by 0.3% in the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock valued at $17,801,457,000 after purchasing an additional 395,218 shares during the period. Geode Capital Management LLC raised its position in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock valued at $10,777,735,000 after buying an additional 1,622,064 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock valued at $4,640,756,000 after acquiring an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. Institutional investors own 61.80% of the company's stock.
Analysts Set New Price Targets
XOM has been the topic of several recent research reports. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Redburn Atlantic reiterated a "neutral" rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Thursday. Wells Fargo & Company boosted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $129.84.
Get Our Latest Analysis on Exxon Mobil
Exxon Mobil Stock Performance
Exxon Mobil stock traded down $0.10 during trading hours on Thursday, hitting $111.82. The company had a trading volume of 14,518,955 shares, compared to its average volume of 16,311,651. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market cap of $491.46 billion, a PE ratio of 13.87, a PEG ratio of 4.74 and a beta of 0.89. The firm has a 50-day moving average of $119.34 and a 200 day moving average of $116.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same period last year, the firm posted $2.27 EPS. The firm's revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current year.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is presently 49.32%.
About Exxon Mobil
(
Free Report)
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.
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