Field & Main Bank Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Field & Main Bank raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,609 shares of the oil and gas company’s stock after acquiring an additional 155 shares during the quarter. Exxon Mobil makes up 1.0% of Field & Main Bank’s investment portfolio, making the stock its 28th largest position. Field & Main Bank’s holdings in Exxon Mobil were worth $2,718,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the first quarter worth about $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil during the first quarter worth about $34,000. Lynx Investment Advisory purchased a new stake in shares of Exxon Mobil during the second quarter worth about $47,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $46,000. Finally, Vima LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $50,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.4 %

Shares of NYSE:XOM traded up $1.59 during midday trading on Friday, reaching $116.32. The company had a trading volume of 10,381,431 shares, compared to its average volume of 17,064,939. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock’s fifty day moving average price is $115.14 and its 200-day moving average price is $113.86. The stock has a market capitalization of $458.65 billion, a P/E ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Wolfe Research started coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Barclays lowered their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $134.56.

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.