Moody National Bank Trust Division Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Moody National Bank Trust Division raised its position in Exxon Mobil Co. (NYSE:XOM) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 83,001 shares of the oil and gas company’s stock after purchasing an additional 2,906 shares during the period. Exxon Mobil accounts for approximately 0.9% of Moody National Bank Trust Division’s portfolio, making the stock its 18th biggest holding. Moody National Bank Trust Division’s holdings in Exxon Mobil were worth $8,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Cadent Capital Advisors LLC lifted its stake in Exxon Mobil by 0.3% during the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock worth $4,020,000 after purchasing an additional 94 shares in the last quarter. Wedmont Private Capital increased its stake in Exxon Mobil by 0.8% during the 4th quarter. Wedmont Private Capital now owns 58,632 shares of the oil and gas company’s stock worth $6,247,000 after buying an additional 486 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Exxon Mobil by 2.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 91,577 shares of the oil and gas company’s stock worth $9,851,000 after buying an additional 2,499 shares in the last quarter. Thomasville National Bank boosted its position in Exxon Mobil by 1.5% in the 4th quarter. Thomasville National Bank now owns 196,757 shares of the oil and gas company’s stock valued at $21,165,000 after buying an additional 2,862 shares during the period. Finally, Kieckhefer Group LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $7,748,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Truist Financial upped their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Mizuho reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, TD Cowen lowered their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Trading Up 2.8 %

XOM stock traded up $2.98 during midday trading on Monday, hitting $109.52. The stock had a trading volume of 9,325,992 shares, compared to its average volume of 14,449,677. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a market cap of $481.35 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company’s 50-day moving average price is $113.49 and its 200 day moving average price is $115.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm posted $2.27 earnings per share. Exxon Mobil’s revenue was down .8% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Exxon Mobil Profile

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.