First National Bank & Trust Co. of Newtown decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,601 shares of the oil and gas company’s stock after selling 1,718 shares during the quarter. Exxon Mobil accounts for about 1.4% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 16th largest holding. First National Bank & Trust Co. of Newtown’s holdings in Exxon Mobil were worth $5,126,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Monte Financial Group LLC lifted its holdings in shares of Exxon Mobil by 15.6% during the 3rd quarter. Monte Financial Group LLC now owns 50,424 shares of the oil and gas company’s stock worth $3,560,000 after acquiring an additional 6,787 shares during the period. Crewe Advisors LLC raised its position in Exxon Mobil by 13.7% during the third quarter. Crewe Advisors LLC now owns 14,226 shares of the oil and gas company’s stock valued at $1,004,000 after purchasing an additional 1,712 shares in the last quarter. Smith Chas P & Associates PA Cpas lifted its stake in Exxon Mobil by 1.7% during the third quarter. Smith Chas P & Associates PA Cpas now owns 382,580 shares of the oil and gas company’s stock worth $27,014,000 after purchasing an additional 6,340 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Exxon Mobil by 528.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 60,944 shares of the oil and gas company’s stock valued at $4,204,000 after purchasing an additional 51,249 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Exxon Mobil by 8.9% in the 3rd quarter. D.A. Davidson & CO. now owns 588,907 shares of the oil and gas company’s stock valued at $41,583,000 after purchasing an additional 47,955 shares in the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.
NYSE XOM traded down $0.59 during trading hours on Wednesday, reaching $68.78. The company’s stock had a trading volume of 7,495,453 shares, compared to its average volume of 11,456,082. The firm has a fifty day simple moving average of $69.49 and a 200-day simple moving average of $72.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.50. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $83.49. The stock has a market cap of $299.44 billion, a P/E ratio of 13.95, a P/E/G ratio of 2.70 and a beta of 0.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.87 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a dividend yield of 5.06%. Exxon Mobil’s dividend payout ratio is 70.59%.
A number of equities analysts have recently commented on the company. Goldman Sachs Group reissued a “neutral” rating and set a $74.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Jefferies Financial Group reiterated a “neutral” rating and issued a $76.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. Barclays assumed coverage on Exxon Mobil in a research note on Monday, August 19th. They set an “equal weight” rating and a $73.00 target price for the company. Finally, BMO Capital Markets began coverage on shares of Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $78.91.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
Further Reading: Rule of 72
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