Exxon Mobil Co. (NYSE:XOM) Holdings Trimmed by Iowa State Bank

Iowa State Bank lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,149 shares of the oil and gas company’s stock after selling 1,184 shares during the period. Exxon Mobil makes up 1.3% of Iowa State Bank’s portfolio, making the stock its 29th biggest position. Iowa State Bank’s holdings in Exxon Mobil were worth $6,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fairway Wealth LLC bought a new position in Exxon Mobil during the second quarter valued at about $35,000. Fairscale Capital LLC bought a new stake in Exxon Mobil during the second quarter worth approximately $39,000. Hershey Financial Advisers LLC acquired a new position in Exxon Mobil during the second quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the 3rd quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.7 %

Shares of NYSE XOM traded up $0.78 during mid-day trading on Monday, reaching $108.64. 6,627,440 shares of the company’s stock were exchanged, compared to its average volume of 11,034,836. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $477.48 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 4.65 and a beta of 0.91. The business has a fifty day simple moving average of $114.46 and a 200 day simple moving average of $115.86.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XOM shares. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.74.

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.