Exxon Mobil Co. (NYSE:XOM) Position Decreased by BancFirst Trust & Investment Management

BancFirst Trust & Investment Management lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 328,384 shares of the oil and gas company’s stock after selling 3,373 shares during the period. Exxon Mobil accounts for 12.7% of BancFirst Trust & Investment Management’s investment portfolio, making the stock its 2nd biggest position. BancFirst Trust & Investment Management’s holdings in Exxon Mobil were worth $38,033,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the second quarter valued at $35,000. Anfield Capital Management LLC increased its stake in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth about $39,000. Finally, POM Investment Strategies LLC lifted its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. 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, September 27th. Sanford C. Bernstein decreased their price target 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. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Barclays decreased their target price 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. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.75.

Exxon Mobil Stock Performance

XOM stock opened at $121.49 on Thursday. The stock’s 50 day simple moving average is $116.06 and its 200 day simple moving average is $115.85. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market cap of $479.04 billion, a P/E ratio of 14.89, a P/E/G ratio of 4.86 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating 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 business 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 business posted $1.94 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.