Community Bank & Trust Waco Texas increased its holdings in Exxon Mobil (NYSE:XOM – free report) by 8.6% in the second quarter, according to its latest disclosure with the Securities and Exchange Commission (SEC). The fund acquired an additional 6,788 shares during the quarter, bringing its holdings to 85,513 shares of the oil and gas company. Exxon Mobil makes up about 2.4% of Community Bank & Trust Waco Texas’ investment portfolio, making it its sixth-largest holding. Community Bank & Trust Waco Texas’ holdings of Exxon Mobil were worth $9,844,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their holdings in XOM. Carmel Capital Partners LLC increased its holdings in ExxonMobil shares by 1.0% in the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock, valued at $1,022,000, after purchasing an additional 86 shares during the period. Integral Investment Advisors Inc. increased its holdings in ExxonMobil shares by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock, valued at $483,000, after purchasing an additional 87 shares during the period. Mascoma Wealth Management LLC increased its holdings in ExxonMobil shares by 7.0% in the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 88 shares during the period. PFS Partners LLC increased its holdings in ExxonMobil by 0.5% during the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 89 shares during the period. Finally, WPWealth LLP increased its holdings in ExxonMobil by 1.0% during the first quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock valued at $1,011,000. Institutional investors and hedge funds own 61.80% of the company’s stock.
Exxon Mobil trading down 0.4%
XOM opened trading at $112.70 on Friday. The company’s 50-day moving average is $115.94 and its 200-day moving average is $114.72. The company’s current ratio is 1.36, quick ratio is 1.01 and debt-to-equity ratio is 0.13. Exxon Mobil Corp.’s one-year low is $95.77 and high is $123.75. The company’s market cap is $444.38 billion, its P/E ratio is 13.81, its PEG ratio is 4.70 and its beta is 0.91.
Exxon Mobil (NYSE:XOM – Get Free Report ) last released its earnings results on Friday, August 2nd. The oil and gas company reported quarterly EPS of $2.14, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had net margins of 9.73% and return on equity of 16.07%. The business had revenues of $93.06 billion for the quarter, beating the consensus estimate of $90.09 billion. During the same period last year, the company earned EPS of $1.94. The company’s revenue grew 12.2% year-over-year. Equity research analysts expect that Exxon Mobil will post earnings of 8.37 per share for the current fiscal year.
ExxonMobil announces dividend
The company also recently declared a quarterly dividend, which is scheduled to be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date for this dividend is Thursday, August 15th. This equates to an annualized dividend of $3.80 and a yield of 3.37%. Exxon Mobil’s dividend payout ratio is currently 46.57%.
Analysts Set New Price Targets
Several brokerages have recently expressed their opinion on XOM. Truist Financial lowered their price target on ExxonMobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Morgan Stanley re-set their price target on ExxonMobil at $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 15th. Wells Fargo & Company lowered their price target on ExxonMobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. UBS Group raised their price target on ExxonMobil from $156.00 to $157.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Finally, Mizuho boosted their price objective on ExxonMobil from $125.00 to $128.00 and rated the stock “neutral” in a research report on Monday, May 13. Seven research analysts have rated the stock with a hold rating, eleven have given it a buy rating, and one has given it a strong buy rating. According to MarketBeat data, the company currently has an average rating of a “moderate buy” with an average target price of $136.29.
View the latest stock analysis for XOM
ExxonMobil Company Profile
(Free report)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. The company operates through the Upstream, Energy Products, Chemicals and Specialty segments. The Upstream segment explores for and produces crude oil and natural gas.
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