Park National Corp OH Has $21.84 Million Position in Exxon Mobil Corporation $XOM

Park National Corp OH lessened its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 193,666 shares of the oil and gas company’s stock after selling 6,521 shares during the period. Park National Corp OH’s holdings in Exxon Mobil were worth $21,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Elequin Capital LP bought a new stake in Exxon Mobil in the first quarter valued at approximately $31,000. Game Plan Financial Advisors LLC lifted its position in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the period. 1248 Management LLC acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $40,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at $38,000. Finally, Bare Financial Services Inc increased its position in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price for the company in a research note on Monday, December 8th. Finally, Bank of America dropped their price target on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.45.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $118.75, for a total transaction of $356,250.00. Following the completion of the transaction, the vice president owned 31,584 shares in the company, valued at approximately $3,750,600. The trade was a 8.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $117.75 on Tuesday. The business’s fifty day moving average is $115.67 and its 200 day moving average is $112.40. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock has a market cap of $496.55 billion, a P/E ratio of 17.11, a P/E/G ratio of 7.48 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $57.55 billion during the quarter. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

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.