Thomasville National Bank Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Thomasville National Bank boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 205,088 shares of the oil and gas company’s stock after purchasing an additional 8,331 shares during the period. Exxon Mobil makes up 1.8% of Thomasville National Bank’s holdings, making the stock its 19th largest holding. Thomasville National Bank’s holdings in Exxon Mobil were worth $24,391,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. 10Elms LLP purchased a new position in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $32,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Clarity Asset Management Inc. grew its stake in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XOM shares. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank lowered their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned 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 a consensus target price of $125.50.

Exxon Mobil Stock Up 0.4%

Shares of Exxon Mobil stock opened at $109.71 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $105.28 and its two-hundred day simple moving average is $108.82. The company has a market cap of $472.81 billion, a P/E ratio of 13.99, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.06 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is presently 52.52%.

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.