Exxon Mobil Co. (NYSE:XOM) Position Reduced by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 41,303 shares of the oil and gas company’s stock after selling 391 shares during the quarter. Exxon Mobil accounts for 2.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 13th largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Exxon Mobil were worth $4,430,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Triasima Portfolio Management inc. raised its stake in Exxon Mobil by 3.5% during the 1st quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company’s stock valued at $500,000 after purchasing an additional 153 shares during the period. TIAA FSB raised its stake in Exxon Mobil by 8.2% during the 1st quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock valued at $55,837,000 after purchasing an additional 38,760 shares during the period. Horizons Wealth Management raised its stake in Exxon Mobil by 214.6% during the 2nd quarter. Horizons Wealth Management now owns 453 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 309 shares during the period. Nvest Financial LLC raised its stake in Exxon Mobil by 5.6% during the 1st quarter. Nvest Financial LLC now owns 3,651 shares of the oil and gas company’s stock valued at $400,000 after purchasing an additional 194 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its stake in Exxon Mobil by 4.9% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 21,302 shares of the oil and gas company’s stock valued at $2,336,000 after purchasing an additional 1,003 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, Director Jeffrey W. Ubben bought 458,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the purchase, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey W. Ubben bought 458,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the purchase, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $121.00 to $124.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. Truist Financial decreased their price objective on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a report on Monday, July 24th. Mizuho upped their price objective on shares of Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a report on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a report on Wednesday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.78.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $117.69 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm’s 50-day simple moving average is $108.65 and its 200-day simple moving average is $108.49. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92. The firm has a market cap of $471.14 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The firm had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. During the same period in the prior year, the business earned $4.14 earnings per share. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is currently 29.12%.

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.