Moody National Bank Trust Division Sells 24,752 Shares of Exxon Mobil Corporation $XOM

Moody National Bank Trust Division trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 27.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,510 shares of the oil and gas company’s stock after selling 24,752 shares during the quarter. Exxon Mobil makes up 0.6% of Moody National Bank Trust Division’s holdings, making the stock its 28th biggest holding. Moody National Bank Trust Division’s holdings in Exxon Mobil were worth $7,274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Game Plan Financial Advisors LLC grew its holdings in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil during the second quarter worth $38,000. Bare Financial Services Inc grew its stake in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the last quarter. 1248 Management LLC acquired a new stake in Exxon Mobil in the first quarter valued at $40,000. Finally, Investment Research & Advisory Group Inc. bought a new position in Exxon Mobil during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company upped their price target on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research report on Monday, December 8th. Finally, BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.45.

Exxon Mobil Stock Performance

NYSE:XOM opened at $117.28 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81. The company has a fifty day moving average of $115.74 and a 200-day moving average of $112.52. The firm has a market capitalization of $494.57 billion, a P/E ratio of 17.05, a P/E/G ratio of 7.24 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a $1.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $118.75, for a total value of $356,250.00. Following the completion of the sale, the vice president directly owned 31,584 shares of the company’s stock, valued at $3,750,600. The trade was a 8.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

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.