Exxon Mobil Co. (NYSE:XOM) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division increased its position in Exxon Mobil Co. (NYSE:XOM) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 83,001 shares of the oil and gas company’s stock after buying an additional 2,906 shares during the quarter. Exxon Mobil comprises 0.9% of Moody National Bank Trust Division’s holdings, making the stock its 18th largest position. Moody National Bank Trust Division’s holdings in Exxon Mobil were worth $8,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $35,000. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter worth about $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the second quarter worth about $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil during the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $54,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on XOM shares. UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday. 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 price target on the stock. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $2.98 during trading hours on Monday, hitting $109.52. 9,325,992 shares of the company’s stock were exchanged, compared to its average volume of 14,449,677. The stock has a market capitalization of $481.35 billion, a price-to-earnings ratio of 13.64, a PEG 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 Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the business earned $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is an increase 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 annualized dividend and a dividend 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.