Citizens Business Bank Invests $6.45 Million in Exxon Mobil Co. (NYSE:XOM)

Citizens Business Bank bought a new position in Exxon Mobil Co. (NYSE:XOMGet Rating) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 64,872 shares of the oil and gas company’s stock, valued at approximately $6,449,000. Exxon Mobil accounts for approximately 1.6% of Citizens Business Bank’s investment portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in Exxon Mobil by 14.9% during the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after acquiring an additional 17,521,080 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Exxon Mobil by 1,505.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock valued at $833,291,000 after acquiring an additional 9,124,095 shares during the period. Great West Life Assurance Co. Can purchased a new position in Exxon Mobil during the 3rd quarter valued at about $347,253,000. Legal & General Group Plc lifted its position in Exxon Mobil by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after acquiring an additional 3,131,617 shares during the period. Finally, HighTower Trust Company N.A. purchased a new position in Exxon Mobil during the 3rd quarter valued at about $237,316,000. 57.49% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of 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 current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $468.70 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 12-month low of $71.39 and a 12-month high of $126.54.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.57. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The business had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was up 51.9% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 13.92 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $110.47, for a total transaction of $276,175.00. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $2,801,850.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Cowen lifted their price target on shares of Exxon Mobil to $108.00 in a research report on Friday, November 4th. Barclays lifted 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. Mizuho raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $140.00 in a report on Tuesday, January 10th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.35.

Exxon Mobil Profile

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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.

Further Reading

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

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