Exxon Mobil Co. (NYSE:XOM) is First Bank & Trust’s 10th Largest Position

First Bank & Trust grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 16.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,640 shares of the oil and gas company’s stock after buying an additional 4,727 shares during the quarter. Exxon Mobil makes up 1.7% of First Bank & Trust’s holdings, making the stock its 10th biggest holding. First Bank & Trust’s holdings in Exxon Mobil were worth $2,305,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sigma Investment Counselors Inc. grew its position in Exxon Mobil by 0.4% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock worth $2,745,000 after purchasing an additional 142 shares in the last quarter. Riverstone Advisors LLC grew its position in Exxon Mobil by 0.5% in the 2nd quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock worth $2,349,000 after purchasing an additional 142 shares in the last quarter. Alpha Windward LLC grew its position in Exxon Mobil by 3.1% in the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock worth $364,000 after purchasing an additional 144 shares in the last quarter. Saratoga Research & Investment Management grew its position in Exxon Mobil by 4.1% in the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 145 shares in the last quarter. Finally, Jupiter Wealth Management LLC grew its position in Exxon Mobil by 0.4% in the 2nd quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock worth $3,073,000 after purchasing an additional 145 shares in the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

NYSE XOM traded down $1.37 during trading hours on Friday, reaching $70.77. 11,673,915 shares of the company’s stock traded hands, compared to its average volume of 11,457,568. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The firm has a market cap of $309.25 billion, a PE ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $83.49. The firm has a 50-day simple moving average of $69.60 and a 200 day simple moving average of $72.99.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The business had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 2.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.87 per share. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.92%. Exxon Mobil’s payout ratio is 70.59%.

A number of research firms have recently weighed in on XOM. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, August 29th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley reduced their target price on shares of Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. UBS Group cut their price objective on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Finally, Barclays started coverage on shares of Exxon Mobil in a report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $78.91.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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