ExxonMobil Corporation $XOM is Town & Country Bank & Trust CO dba First Bankers Trust CO’s 3rd Largest Position

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in shares of ExxonMobil Corporation (NYSE:XOM) by 14.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,236 shares of the oil and gas company’s stock after purchasing an additional 7,286 shares during the period. ExxonMobil makes up 3.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 3rd biggest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in ExxonMobil were worth $9,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of ExxonMobil by 2.0% during the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after acquiring an additional 1,457,560 shares in the last quarter. Norges Bank acquired a new position in shares of ExxonMobil in the fourth quarter worth about $7,625,063,000. Bank of New York Mellon Corp lifted its stake in shares of ExxonMobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after acquiring an additional 531,362 shares in the last quarter. Northern Trust Corp boosted its holdings in ExxonMobil by 1.0% in the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after purchasing an additional 445,283 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in ExxonMobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Tuesday, June 16th. JPMorgan Chase & Co. increased their target price on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Scotiabank raised their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Barclays upped their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.70.

ExxonMobil Trading Up 1.2%

ExxonMobil stock opened at $140.15 on Wednesday. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The firm’s 50-day moving average is $149.40 and its 200-day moving average is $143.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market cap of $580.91 billion, a P/E ratio of 23.63, a PEG ratio of 0.59 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 EPS. On average, equities analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: The U.S. Supreme Court ruled in ExxonMobil’s favor, strengthening its bid to seek compensation for property seized by Cuba and raising the possibility of a future financial recovery. Reuters article on ExxonMobil Cuba compensation ruling
• Positive Sentiment: A second report said the Supreme Court’s decision helps ExxonMobil’s case against CIMEX, reinforcing the market’s view that the ruling could be meaningful for the company. New York Post article on ExxonMobil Cuba compensation ruling
• Neutral Sentiment: Broader energy shares were also trading higher, which may be providing a mild sector tailwind for ExxonMobil. Yahoo Finance sector update

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.