Community Bank & Trust Waco Texas Has $10 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Community Bank & Trust Waco Texas reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 85,297 shares of the oil and gas company’s stock after selling 216 shares during the quarter. Exxon Mobil makes up about 2.3% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 9th largest position. Community Bank & Trust Waco Texas’ holdings in Exxon Mobil were worth $9,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of XOM. Haverford Trust Co grew its stake in shares of Exxon Mobil by 1.2% during the third quarter. Haverford Trust Co now owns 149,418 shares of the oil and gas company’s stock worth $17,515,000 after purchasing an additional 1,830 shares during the period. Empower Advisory Group LLC grew its position in shares of Exxon Mobil by 3.1% during the 3rd quarter. Empower Advisory Group LLC now owns 1,411,160 shares of the oil and gas company’s stock worth $165,416,000 after buying an additional 41,974 shares during the period. Aptus Capital Advisors LLC increased its stake in shares of Exxon Mobil by 17.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 365,354 shares of the oil and gas company’s stock valued at $42,827,000 after acquiring an additional 54,623 shares during the last quarter. Commonwealth Retirement Investments LLC raised its position in shares of Exxon Mobil by 2.5% in the 3rd quarter. Commonwealth Retirement Investments LLC now owns 74,734 shares of the oil and gas company’s stock valued at $8,760,000 after acquiring an additional 1,816 shares during the period. Finally, First Heartland Consultants Inc. boosted its stake in Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on XOM. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Truist Financial dropped their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. TD Cowen lowered their price target on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Up 1.0 %

Exxon Mobil stock opened at $121.50 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a 50-day moving average of $118.06 and a 200-day moving average of $116.34. The company has a market cap of $534.00 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 5.05 and a beta of 0.90. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

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, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the company earned $2.27 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.26%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.

Exxon Mobil Company 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.