Heartland Bank & Trust Co Acquires 160 Shares of Exxon Mobil Co. (NYSE:XOM)

Heartland Bank & Trust Co increased its stake in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,268 shares of the oil and gas company’s stock after purchasing an additional 160 shares during the quarter. Exxon Mobil makes up approximately 1.2% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 14th biggest position. Heartland Bank & Trust Co’s holdings in Exxon Mobil were worth $2,103,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. J. W. Coons Advisors LLC increased its stake in shares of Exxon Mobil by 0.5% in the fourth quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock worth $3,960,000 after purchasing an additional 208 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Exxon Mobil by 0.6% in the fourth quarter. Eagle Asset Management Inc. now owns 93,495 shares of the oil and gas company’s stock worth $9,348,000 after acquiring an additional 593 shares during the period. Prudent Man Advisors LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $623,000. CWA Asset Management Group LLC grew its position in shares of Exxon Mobil by 23.4% during the fourth quarter. CWA Asset Management Group LLC now owns 28,191 shares of the oil and gas company’s stock worth $2,819,000 after purchasing an additional 5,349 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. raised its stake in Exxon Mobil by 2.7% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 52,604 shares of the oil and gas company’s stock valued at $5,259,000 after purchasing an additional 1,376 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $117.21 on Tuesday. The stock has a market cap of $462.16 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a 50 day moving average price of $115.80 and a 200-day moving average price of $115.75. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the firm earned $1.94 earnings per share. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XOM. Mizuho upped their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Barclays cut their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Eight equities research analysts have rated the stock with 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.75.

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.