Central Bank & Trust Co. Sells 347 Shares of Exxon Mobil Co. (NYSE:XOM)

Central Bank & Trust Co. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.8% in the 4th quarter, HoldingsChannel reports. The firm owned 6,902 shares of the oil and gas company’s stock after selling 347 shares during the period. Central Bank & Trust Co.’s holdings in Exxon Mobil were worth $742,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Hoese & Co LLP lifted its position in Exxon Mobil by 13.5% during the fourth quarter. Hoese & Co LLP now owns 1,450 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 173 shares during the last quarter. Sky Investment Group LLC lifted its position in Exxon Mobil by 0.6% during the fourth quarter. Sky Investment Group LLC now owns 84,082 shares of the oil and gas company’s stock valued at $9,045,000 after purchasing an additional 511 shares during the last quarter. Amplius Wealth Advisors LLC lifted its position in Exxon Mobil by 2.7% during the fourth quarter. Amplius Wealth Advisors LLC now owns 7,881 shares of the oil and gas company’s stock valued at $848,000 after purchasing an additional 204 shares during the last quarter. Cove Private Wealth LLC lifted its position in Exxon Mobil by 10.3% during the fourth quarter. Cove Private Wealth LLC now owns 10,736 shares of the oil and gas company’s stock valued at $1,155,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Zhang Financial LLC lifted its holdings in shares of Exxon Mobil by 6.3% in the 4th quarter. Zhang Financial LLC now owns 13,820 shares of the oil and gas company’s stock worth $1,487,000 after acquiring an additional 819 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. UBS Group decreased their target price 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. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Down 1.8 %

NYSE:XOM opened at $109.46 on Thursday. The firm’s 50-day moving average price is $112.22 and its 200-day moving average price is $115.48. The company has a market capitalization of $481.07 billion, a PE ratio of 13.63, a P/E/G ratio of 2.98 and a beta of 0.91. 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 Co. has a 1-year low of $96.73 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its 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. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. Exxon Mobil’s payout ratio is presently 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.