Community Bank of Raymore Purchases 1,760 Shares of Exxon Mobil Co. (NYSE:XOM)

Community Bank of Raymore raised its position in Exxon Mobil Co. (NYSE:XOM) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,444 shares of the oil and gas company’s stock after purchasing an additional 1,760 shares during the quarter. Exxon Mobil accounts for approximately 2.0% of Community Bank of Raymore’s holdings, making the stock its 17th largest holding. Community Bank of Raymore’s holdings in Exxon Mobil were worth $2,522,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter worth $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil in the third quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $63,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.7 %

XOM opened at $111.52 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market capitalization of $490.12 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 3.01 and a beta of 0.91. The company has a fifty day moving average price of $112.40 and a 200-day moving average price of $115.50.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during 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%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $2.27 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XOM. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.84.

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.