Tompkins Financial Corp Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Tompkins Financial Corp raised its position in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 156,403 shares of the oil and gas company’s stock after purchasing an additional 1,132 shares during the period. Exxon Mobil accounts for 1.8% of Tompkins Financial Corp’s holdings, making the stock its 12th biggest position. Tompkins Financial Corp’s holdings in Exxon Mobil were worth $18,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Westchester Capital Management Inc. increased its position in shares of Exxon Mobil by 0.4% during the third quarter. Westchester Capital Management Inc. now owns 120,342 shares of the oil and gas company’s stock valued at $14,106,000 after acquiring an additional 456 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Exxon Mobil by 7.8% during the 3rd quarter. Lindbrook Capital LLC now owns 17,151 shares of the oil and gas company’s stock valued at $2,010,000 after purchasing an additional 1,245 shares during the last quarter. Rather & Kittrell Inc. raised its stake in shares of Exxon Mobil by 2.4% during the 3rd quarter. Rather & Kittrell Inc. now owns 7,169 shares of the oil and gas company’s stock worth $840,000 after purchasing an additional 165 shares during the period. Klingman & Associates LLC grew its position in Exxon Mobil by 97.5% during the third quarter. Klingman & Associates LLC now owns 52,009 shares of the oil and gas company’s stock valued at $6,096,000 after buying an additional 25,679 shares during the period. Finally, Wealth Quarterback LLC increased its holdings in Exxon Mobil by 10.1% during the third quarter. Wealth Quarterback LLC now owns 17,760 shares of the oil and gas company’s stock worth $2,082,000 after buying an additional 1,632 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XOM shares. Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, TD Cowen dropped their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $121.11 on Monday. The business has a 50-day simple moving average of $117.91 and a 200 day simple moving average of $116.36. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a market cap of $532.29 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 5.08 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm posted $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.27%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 47.32%.

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.