Exxon Mobil Co. (NYSE:XOM) Shares Bought by Dakota Community Bank & Trust NA

Dakota Community Bank & Trust NA grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,462 shares of the oil and gas company’s stock after purchasing an additional 250 shares during the period. Exxon Mobil makes up 1.8% of Dakota Community Bank & Trust NA’s investment portfolio, making the stock its 14th largest position. Dakota Community Bank & Trust NA’s holdings in Exxon Mobil were worth $372,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter worth $39,000. Hershey Financial Advisers LLC acquired a new position in Exxon Mobil during the 2nd quarter worth about $46,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the 3rd quarter valued at about $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil during the third quarter worth about $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.37 on Friday. The company has a fifty day moving average of $112.56 and a two-hundred day moving average of $115.50. 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. The company has a market capitalization of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. UBS Group dropped their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.84.

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.