Stock Yards Bank & Trust Co. Buys 7,808 Shares of Exxon Mobil Co. (NYSE:XOM)

Stock Yards Bank & Trust Co. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,533 shares of the oil and gas company’s stock after acquiring an additional 7,808 shares during the period. Exxon Mobil makes up about 1.2% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 23rd largest holding. Stock Yards Bank & Trust Co.’s holdings in Exxon Mobil were worth $27,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in XOM. Karp Capital Management Corp bought a new stake in shares of Exxon Mobil during the third quarter worth $28,000. Mine & Arao Wealth Creation & Management LLC. boosted its holdings in Exxon Mobil by 61.7% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 169 shares during the last quarter. Horizons Wealth Management acquired a new position in Exxon Mobil during the second quarter worth $41,000. Orion Capital Management LLC acquired a new position in Exxon Mobil during the third quarter worth $44,000. Finally, Turim 21 Investimentos Ltda. boosted its holdings in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the transaction, the vice president now directly owns 34,272 shares of the company’s stock, valued at $3,598,560. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Credit Suisse Group increased their target price on shares of Exxon Mobil to $130.00 in a report on Tuesday, November 1st. Barclays increased their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. Truist Financial increased their target price on shares of Exxon Mobil from $111.00 to $114.00 in a report on Monday, October 31st. Finally, StockNews.com cut shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $114.35.

Exxon Mobil Stock Performance

NYSE XOM opened at $113.81 on Wednesday. The firm has a 50-day moving average of $109.54 and a 200-day moving average of $101.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. The stock has a market cap of $468.70 billion, a PE ratio of 9.29, a P/E/G ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 52-week low of $71.39 and a 52-week high of $126.54.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.57. The company had revenue of $112.07 billion during the quarter, compared to analysts’ expectations of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. Exxon Mobil’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 13.92 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.20%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.71%.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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