Members Trust Co Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Members Trust Co grew its stake in Exxon Mobil Co. (NYSE:XOM) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,697 shares of the oil and gas company’s stock after acquiring an additional 497 shares during the quarter. Members Trust Co’s holdings in Exxon Mobil were worth $1,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $46,000. Compass Financial Services Inc purchased a new stake in Exxon Mobil in the 4th quarter valued at about $48,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the third quarter valued at about $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. BMO Capital Markets cut their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Wolfe Research boosted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Performance

Shares of XOM opened at $110.05 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $102.64 and a 52-week high of $126.34. The stock has a 50 day moving average price of $108.68 and a 200 day moving average price of $114.61. The company has a market capitalization of $483.66 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the company earned $2.48 earnings per share. Research analysts predict that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

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.