Exxon Mobil Co. (NYSE:XOM) Shares Sold by Missouri Trust & Investment Co

Missouri Trust & Investment Co reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.8% during the third quarter, Holdings Channel.com reports. The fund owned 1,981 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Missouri Trust & Investment Co’s holdings in Exxon Mobil were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of XOM. WFA Asset Management Corp boosted its holdings in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at $933,000. Empowered Funds LLC boosted its stake in shares of Exxon Mobil by 5.6% during the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after acquiring an additional 49,083 shares in the last quarter. Hudson Value Partners LLC grew its holdings in shares of Exxon Mobil by 6.5% in the 1st quarter. Hudson Value Partners LLC now owns 6,595 shares of the oil and gas company’s stock worth $767,000 after acquiring an additional 400 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its position in shares of Exxon Mobil by 1.9% during the first quarter. Eagle Bay Advisors LLC now owns 19,552 shares of the oil and gas company’s stock worth $2,273,000 after purchasing an additional 361 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.0 %

NYSE:XOM opened at $121.50 on Thursday. The company has a market capitalization of $534.00 billion, a P/E ratio of 15.13, a P/E/G ratio of 5.05 and a beta of 0.90. The stock’s 50 day moving average price is $118.06 and its 200 day moving average price is $116.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the business posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Ratings Changes

XOM has been the subject of a number of recent analyst reports. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Bank of America assumed coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Barclays decreased their price objective 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.95.

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.