Exxon Mobil Co. (NYSE:XOM) Stock Position Boosted by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 220,576 shares of the oil and gas company’s stock after buying an additional 3,716 shares during the period. Exxon Mobil makes up approximately 2.3% of Canandaigua National Bank & Trust Co.’s portfolio, making the stock its 8th largest position. Canandaigua National Bank & Trust Co.’s holdings in Exxon Mobil were worth $23,727,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $35,000. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the second quarter valued at about $39,000. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock traded down $0.28 on Monday, hitting $107.58. The company’s stock had a trading volume of 14,912,321 shares, compared to its average volume of 12,557,385. The stock has a market cap of $472.82 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The firm has a 50 day moving average of $114.46 and a two-hundred day moving average of $115.86. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The business 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 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.68%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Barclays decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.74.

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.