Home Federal Bank of Tennessee Acquires 250 Shares of Exxon Mobil Co. (NYSE:XOM)

Home Federal Bank of Tennessee grew its position in Exxon Mobil Co. (NYSE:XOM) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,723 shares of the oil and gas company’s stock after purchasing an additional 250 shares during the quarter. Home Federal Bank of Tennessee’s holdings in Exxon Mobil were worth $1,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lloyd Advisory Services LLC. increased its holdings in Exxon Mobil by 407.5% in the first quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company’s stock valued at $2,804,000 after purchasing an additional 19,363 shares during the period. Southland Equity Partners LLC grew its holdings in Exxon Mobil by 4.5% during the 1st quarter. Southland Equity Partners LLC now owns 5,639 shares of the oil and gas company’s stock worth $656,000 after acquiring an additional 242 shares during the period. Global Assets Advisory LLC grew its holdings in Exxon Mobil by 16,399.4% during the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after acquiring an additional 12,540,435 shares during the period. Financial Synergies Wealth Advisors Inc. grew its holdings in Exxon Mobil by 106.8% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 45,979 shares of the oil and gas company’s stock worth $5,345,000 after acquiring an additional 23,744 shares during the period. Finally, Harbor Investment Advisory LLC grew its holdings in Exxon Mobil by 11.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 44,526 shares of the oil and gas company’s stock worth $5,176,000 after acquiring an additional 4,541 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $120.71 on Wednesday. The stock has a market cap of $475.96 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm’s 50-day simple moving average is $117.47 and its two-hundred day simple moving average is $116.47.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.15%. Exxon Mobil’s payout ratio is presently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Mizuho raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. BMO Capital Markets raised 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 report on Friday, October 4th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

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.