Community Bank & Trust Waco Texas Sells 216 Shares of Exxon Mobil Co. (NYSE:XOM)

Community Bank & Trust Waco Texas cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,297 shares of the oil and gas company’s stock after selling 216 shares during the quarter. Exxon Mobil accounts for about 2.3% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 9th largest holding. Community Bank & Trust Waco Texas’ holdings in Exxon Mobil were worth $9,999,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. WFA Asset Management Corp increased its position in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Exxon Mobil during the first quarter valued at approximately $933,000. Empowered Funds LLC grew its stake in Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after buying an additional 49,083 shares during the last quarter. Hudson Value Partners LLC boosted its holdings in Exxon Mobil by 6.5% during the first quarter. Hudson Value Partners LLC now owns 6,595 shares of the oil and gas company’s stock valued at $767,000 after acquiring an additional 400 shares during the period. Finally, Eagle Bay Advisors LLC grew its position in shares of Exxon Mobil by 1.9% in the first quarter. Eagle Bay Advisors LLC now owns 19,552 shares of the oil and gas company’s stock valued at $2,273,000 after purchasing an additional 361 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Barclays lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $121.50 on Thursday. The stock has a market capitalization of $534.00 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 5.05 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm’s 50-day moving average price is $118.06 and its two-hundred day moving average price is $116.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm 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 business’s revenue was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.26%. Exxon Mobil’s dividend payout ratio is 49.32%.

About Exxon Mobil

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.