Exxon Mobil Co. (NYSE:XOM) Shares Acquired by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,656 shares of the oil and gas company’s stock after acquiring an additional 127 shares during the period. Exxon Mobil makes up about 1.7% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 18th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Exxon Mobil were worth $7,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. WFA Asset Management Corp boosted its holdings 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 in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at $933,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Exxon Mobil by 4.0% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 152,629 shares of the oil and gas company’s stock worth $17,742,000 after acquiring an additional 5,842 shares in the last quarter. BNP Paribas acquired a new position in shares of Exxon Mobil in the 1st quarter worth $17,153,000. Finally, St. Louis Trust Co raised its position in shares of Exxon Mobil by 2.0% during the first quarter. St. Louis Trust Co now owns 37,262 shares of the oil and gas company’s stock worth $4,331,000 after purchasing an additional 729 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XOM. TD Cowen dropped their price target on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research note on Monday. Wolfe Research boosted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Truist Financial decreased their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company raised their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Performance

Shares of XOM opened at $118.96 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company’s fifty day moving average is $117.69 and its 200-day moving average is $116.33. The firm has a market cap of $469.06 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 4.79 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $2.27 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 7.99 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.33%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s 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.