First National Bank of Hutchinson Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

First National Bank of Hutchinson grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,497 shares of the oil and gas company’s stock after buying an additional 217 shares during the period. First National Bank of Hutchinson’s holdings in Exxon Mobil were worth $484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM stock opened at $115.40 on Thursday. The firm has a market cap of $500.75 billion, a P/E ratio of 14.72, a P/E/G ratio of 3.02 and a beta of 0.83. The stock’s 50 day simple moving average is $109.74 and its 200 day simple moving average is $113.59. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company posted $2.48 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Morgan Stanley increased their target price on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.15.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

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.