Country Club Bank Sells 806 Shares of Exxon Mobil Co. (NYSE:XOM)

Country Club Bank reduced its position in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 147,152 shares of the oil and gas company’s stock after selling 806 shares during the period. Exxon Mobil accounts for about 1.1% of Country Club Bank’s portfolio, making the stock its 19th largest position. Country Club Bank’s holdings in Exxon Mobil were worth $17,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Joel Isaacson & Co. LLC boosted its holdings in shares of Exxon Mobil by 3.5% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 69,825 shares of the oil and gas company’s stock valued at $8,185,000 after buying an additional 2,364 shares in the last quarter. Sigma Investment Counselors Inc. boosted its stake in Exxon Mobil by 1.0% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 52,972 shares of the oil and gas company’s stock worth $6,209,000 after purchasing an additional 528 shares in the last quarter. Bank of Stockton boosted its stake in Exxon Mobil by 108.1% in the 3rd quarter. Bank of Stockton now owns 22,320 shares of the oil and gas company’s stock worth $2,616,000 after purchasing an additional 11,596 shares in the last quarter. Hudock Inc. boosted its stake in Exxon Mobil by 0.6% in the 3rd quarter. Hudock Inc. now owns 26,457 shares of the oil and gas company’s stock worth $3,101,000 after purchasing an additional 164 shares in the last quarter. Finally, West Wealth Group LLC acquired a new stake in Exxon Mobil in the 3rd quarter worth approximately $255,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Scotiabank upgraded 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 note on Thursday, October 10th. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, UBS Group decreased their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Price Performance

NYSE:XOM opened at $119.49 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market cap of $471.15 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89. The company has a 50 day moving average price of $117.54 and a 200-day moving average price of $116.43. 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 results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is presently 45.45%.

Exxon Mobil Company 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.