Farmers National Bank Sells 471 Shares of Exxon Mobil Co. (NYSE:XOM)

Farmers National Bank cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,454 shares of the oil and gas company’s stock after selling 471 shares during the quarter. Exxon Mobil accounts for 1.3% of Farmers National Bank’s investment portfolio, making the stock its 25th largest holding. Farmers National Bank’s holdings in Exxon Mobil were worth $4,312,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of XOM. J. W. Coons Advisors LLC grew its holdings in 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 during the period. CIBC Private Wealth Group LLC grew its stake in shares of Exxon Mobil by 0.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 549,549 shares of the oil and gas company’s stock valued at $54,944,000 after buying an additional 3,608 shares during the period. First Trust Advisors LP increased its position in Exxon Mobil by 25.8% in the 4th quarter. First Trust Advisors LP now owns 2,378,263 shares of the oil and gas company’s stock valued at $237,779,000 after buying an additional 488,121 shares in the last quarter. Capital International Investors raised its stake in Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after buying an additional 4,084,458 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Exxon Mobil by 6.0% in the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after acquiring an additional 1,037,226 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Barclays lowered their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Sanford C. Bernstein decreased their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Morgan Stanley lowered their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, UBS Group cut their price target 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. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.75.

Exxon Mobil Stock Performance

NYSE XOM opened at $119.97 on Wednesday. The company has a market capitalization of $473.04 billion, a PE ratio of 14.70, 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. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a 50-day simple moving average of $115.93 and a 200 day simple moving average of $115.81.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (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 quarter last year, the business posted $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.