Citizens Business Bank Sells 1,060 Shares of Exxon Mobil Co. (NYSE:XOM)

Citizens Business Bank reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,390 shares of the oil and gas company’s stock after selling 1,060 shares during the quarter. Citizens Business Bank’s holdings in Exxon Mobil were worth $3,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Austin Private Wealth LLC grew its holdings in Exxon Mobil by 1.3% during the second quarter. Austin Private Wealth LLC now owns 40,593 shares of the oil and gas company’s stock worth $4,673,000 after buying an additional 529 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Exxon Mobil by 16.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 2,058 shares of the oil and gas company’s stock valued at $237,000 after buying an additional 290 shares in the last quarter. Howard Capital Management Group LLC boosted its position in shares of Exxon Mobil by 1.9% in the second quarter. Howard Capital Management Group LLC now owns 16,224 shares of the oil and gas company’s stock valued at $1,868,000 after acquiring an additional 300 shares during the period. Monetary Management Group Inc. grew its stake in Exxon Mobil by 95.8% during the second quarter. Monetary Management Group Inc. now owns 11,650 shares of the oil and gas company’s stock valued at $1,341,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Farmers Trust Co. increased its holdings in Exxon Mobil by 2.5% during the 2nd quarter. Farmers Trust Co. now owns 32,159 shares of the oil and gas company’s stock worth $3,702,000 after acquiring an additional 784 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.68 on Wednesday. The company has a market cap of $495.24 billion, a PE ratio of 14.03, a P/E/G ratio of 4.74 and a beta of 0.89. The business has a 50 day moving average of $119.68 and a 200 day moving average of $116.47. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the company earned $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Mizuho upped their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Barclays cut their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Truist Financial dropped their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.