Town & Country Bank & Trust CO dba First Bankers Trust CO Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,303 shares of the oil and gas company’s stock after selling 391 shares during the period. Exxon Mobil makes up 2.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 13th biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Exxon Mobil were worth $4,430,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at approximately $25,000. KB Financial Partners LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at approximately $27,000. Dark Forest Capital Management LP purchased a new stake in Exxon Mobil during the 4th quarter valued at approximately $27,000. Artemis Wealth Advisors LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at approximately $38,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $117.69 on Tuesday. Exxon Mobil Co. has a one year low of $83.89 and a one year high of $119.92. The stock has a market cap of $471.14 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. The business’s fifty day moving average price is $108.65 and its two-hundred day moving average price is $108.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. During the same period in the prior year, the company earned $4.14 EPS. The company’s revenue for the quarter was down 28.3% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is presently 29.12%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XOM shares. Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating and increased their target price for the stock from $100.00 to $105.00 in a research note on Thursday, August 31st. UBS Group increased their target price on Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. StockNews.com started coverage on Exxon Mobil in a research note on Thursday, August 17th. They set a “hold” rating for the company. Truist Financial cut their target price on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, July 24th. Finally, HSBC increased their target price on Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.78.

View Our Latest Analysis on Exxon Mobil

Insiders Place Their Bets

In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The shares were bought at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the purchase, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Jeffrey W. Ubben bought 458,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Profile

(Free Report)

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.

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

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