Farmers Trust Co. Has $3.70 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Farmers Trust Co. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,159 shares of the oil and gas company’s stock after purchasing an additional 784 shares during the period. Farmers Trust Co.’s holdings in Exxon Mobil were worth $3,702,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in Exxon Mobil by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock worth $4,918,000 after acquiring an additional 1,539 shares during the last quarter. Braun Bostich & Associates Inc. lifted its holdings in Exxon Mobil by 80.2% during the 4th quarter. Braun Bostich & Associates Inc. now owns 8,642 shares of the oil and gas company’s stock worth $864,000 after buying an additional 3,847 shares during the period. Cook Wealth Management Group LLC acquired a new position in Exxon Mobil during the 4th quarter worth about $287,000. G2 Capital Management LLC OH acquired a new position in Exxon Mobil during the 4th quarter worth about $590,000. Finally, Genesee Capital Advisors LLC lifted its holdings in Exxon Mobil by 11.1% during the 4th quarter. Genesee Capital Advisors LLC now owns 8,973 shares of the oil and gas company’s stock worth $897,000 after buying an additional 895 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on XOM. Piper Sandler lifted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. UBS Group boosted their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, TD Cowen boosted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $134.39.

Exxon Mobil Stock Down 0.4 %

XOM traded down $0.52 during midday trading on Thursday, reaching $118.43. 1,646,407 shares of the company were exchanged, compared to its average volume of 17,202,621. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company’s fifty day moving average price is $114.49 and its 200 day moving average price is $113.19. The company has a market cap of $466.97 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 EPS. As a group, analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Exxon Mobil 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.