Peoples Bank KS Reduces Exxon Mobil Co Shares Position. (NYSE:XOM)

Peoples Bank KS reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 32,962 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Exxon Mobil accounts for about 2.6% of Peoples Bank KS’s holdings, making the stock its 6th biggest holding. Peoples Bank KS’s holdings in Exxon Mobil were worth $3,864,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Patron Partners LLC boosted its position in shares of Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after purchasing an additional 2,564 shares during the last quarter. YHB Investment Advisors Inc. raised its stake in Exxon Mobil by 5.9% in the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after purchasing an additional 1,836 shares during the last quarter. Cooksen Wealth LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $136,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Exxon Mobil by 79.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after buying an additional 380,399 shares during the period. Finally, Blair William & Co. IL boosted its stake in Exxon Mobil by 64.6% in the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after purchasing an additional 379,747 shares during the last quarter. Institutional investors own 61.80% of the company’s shares.

Analysts set new price targets

XOM has been the subject of several analyst reports. Wolfe Research began coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Mizuho upped their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.18, according to data from MarketBeat.

Check out our latest research report on XOM

Exxon Mobil stock performance

Shares of NYSE:XOM traded up $2.25 during midday trading on Friday, hitting $124.83. The company had a trading volume of 19,746,318 shares, compared to its average volume of 16,859,965. The company has a market cap of $492.21 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 4.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36, and a quick ratio of 1.01. The company has a fifty day moving average of $116.16 and a two hundred day moving average of $115.89. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $125.19.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. In the same quarter last year, the company earned $1.94 per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Co. to record 8.06 EPS for the current fiscal year.

Exxon Mobil announces dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a dividend of $3.80 on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, August 15. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through the Upstream, Energy Products, Chemicals and Specialty Products segments. The Upstream segment explores and produces crude oil and natural gas.

Further reading

Want to see what other hedge funds hold XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Exxon Mobil Co. (NYSE:XOM – Free Report).

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