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

Stock Yards Bank & Trust Co. increased its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.5% in the 3rd quarter, according to its most recent 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 quarter. Exxon Mobil accounts for approximately 1.2% of Stock Yards Bank & Trust Co.’s portfolio, making the stock its 23rd largest position. Stock Yards Bank & Trust Co.’s holdings in Exxon Mobil were worth $27,462,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Wilson & Boucher Capital Management LLC increased its stake in Exxon Mobil by 1.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 95 shares in the last quarter. Blooom Inc. increased its stake in Exxon Mobil by 0.8% during the 3rd quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock valued at $1,082,000 after purchasing an additional 97 shares in the last quarter. OneAscent Wealth Management LLC increased its stake in Exxon Mobil by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock valued at $589,000 after purchasing an additional 97 shares in the last quarter. Sather Financial Group Inc increased its stake in Exxon Mobil by 2.6% during the 3rd quarter. Sather Financial Group Inc now owns 4,030 shares of the oil and gas company’s stock valued at $352,000 after purchasing an additional 101 shares in the last quarter. Finally, Forefront Wealth Management Inc. increased its stake in Exxon Mobil by 2.8% during the 3rd quarter. Forefront Wealth Management Inc. now owns 3,743 shares of the oil and gas company’s stock valued at $327,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Up 0.9 %

XOM opened at $113.81 on Wednesday. The company has a 50 day moving average of $109.54 and a 200 day moving average of $101.20. The company has a market cap of $468.70 billion, a PE 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. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, topping the consensus estimate of $3.88 by $0.57. The company had revenue of $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. Exxon Mobil’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 13.92 EPS for the current year.

Exxon Mobil Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on XOM. JPMorgan Chase & Co. boosted their price target on shares of Exxon Mobil from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Tuesday, October 18th. Morgan Stanley boosted their price target on shares of Exxon Mobil from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, October 19th. Piper Sandler lowered their target price on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. Finally, Citigroup increased their price objective on shares of Exxon Mobil from $98.00 to $110.00 in a research note on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $114.35.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the sale, the vice president now owns 34,272 shares in the company, valued at approximately $3,598,560. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

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.