City Holding Co. Has $8.50 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

City Holding Co. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the third quarter, HoldingsChannel reports. The fund owned 72,514 shares of the oil and gas company’s stock after buying an additional 1,308 shares during the period. Exxon Mobil accounts for approximately 1.2% of City Holding Co.’s investment portfolio, making the stock its 16th largest holding. City Holding Co.’s holdings in Exxon Mobil were worth $8,500,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC increased its holdings in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on XOM. BMO Capital Markets lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Tuesday. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price 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. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $133.29.

Exxon Mobil Trading Down 2.6 %

Shares of Exxon Mobil stock opened at $122.07 on Wednesday. The firm has a market capitalization of $481.32 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $116.50 and its 200 day moving average is $116.11. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.11%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.