Citizens National Bank Trust Department Has $10.41 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Citizens National Bank Trust Department lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,821 shares of the oil and gas company’s stock after selling 911 shares during the period. Exxon Mobil accounts for approximately 2.2% of Citizens National Bank Trust Department’s holdings, making the stock its 7th biggest position. Citizens National Bank Trust Department’s holdings in Exxon Mobil were worth $10,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Donaldson Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1.5% in the 3rd quarter. Donaldson Capital Management LLC now owns 612,132 shares of the oil and gas company’s stock valued at $71,754,000 after acquiring an additional 8,944 shares during the last quarter. Forum Financial Management LP lifted its holdings in shares of Exxon Mobil by 2.0% in the 3rd quarter. Forum Financial Management LP now owns 78,405 shares of the oil and gas company’s stock valued at $9,191,000 after acquiring an additional 1,504 shares during the last quarter. BSW Wealth Partners lifted its stake in Exxon Mobil by 20.0% in the third quarter. BSW Wealth Partners now owns 12,917 shares of the oil and gas company’s stock worth $1,514,000 after purchasing an additional 2,150 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in Exxon Mobil by 3.8% in the third quarter. Angeles Wealth Management LLC now owns 23,478 shares of the oil and gas company’s stock worth $2,752,000 after purchasing an additional 859 shares during the last quarter. Finally, Whitener Capital Management Inc. lifted its stake in Exxon Mobil by 4.7% in the third quarter. Whitener Capital Management Inc. now owns 39,172 shares of the oil and gas company’s stock worth $4,592,000 after purchasing an additional 1,760 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 3.2 %

NYSE XOM opened at $118.61 on Tuesday. The company has a market capitalization of $467.68 billion, a PE ratio of 14.19, a P/E/G ratio of 4.86 and a beta of 0.90. The company has a fifty day moving average of $117.67 and a 200 day moving average of $116.33. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 8.01 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. Exxon Mobil’s payout ratio is presently 45.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XOM. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. TD Cowen lowered their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. raised their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.