Emprise Bank Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Emprise Bank lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,277 shares of the oil and gas company’s stock after selling 788 shares during the period. Emprise Bank’s holdings in Exxon Mobil were worth $783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $7,748,000. Capital Investment Advisors LLC raised its stake in Exxon Mobil by 0.3% during the 4th quarter. Capital Investment Advisors LLC now owns 209,554 shares of the oil and gas company’s stock worth $22,542,000 after acquiring an additional 647 shares in the last quarter. City State Bank raised its stake in Exxon Mobil by 2.0% during the 4th quarter. City State Bank now owns 6,326 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 126 shares in the last quarter. Trust Co. of Toledo NA OH raised its stake in Exxon Mobil by 4.1% during the 4th quarter. Trust Co. of Toledo NA OH now owns 73,589 shares of the oil and gas company’s stock worth $7,916,000 after acquiring an additional 2,870 shares in the last quarter. Finally, Winthrop Advisory Group LLC raised its stake in Exxon Mobil by 43.5% during the 4th quarter. Winthrop Advisory Group LLC now owns 12,517 shares of the oil and gas company’s stock worth $1,346,000 after acquiring an additional 3,792 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $2.25 on Monday, hitting $108.79. The company’s stock had a trading volume of 5,701,921 shares, compared to its average volume of 13,930,173. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a market capitalization of $478.14 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a 50 day moving average of $113.49 and a 200-day moving average of $115.65.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed 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 3.64%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One equities 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

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.