Bank of Stockton Purchases 11,596 Shares of Exxon Mobil Co. (NYSE:XOM)

Bank of Stockton raised its position in Exxon Mobil Co. (NYSE:XOM) by 108.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,320 shares of the oil and gas company’s stock after purchasing an additional 11,596 shares during the period. Exxon Mobil makes up about 0.8% of Bank of Stockton’s investment portfolio, making the stock its 24th biggest holding. Bank of Stockton’s holdings in Exxon Mobil were worth $2,616,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of XOM. Etfidea LLC grew its position in Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC grew its position in Exxon Mobil by 0.6% during the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after acquiring an additional 86 shares during the last quarter. Integral Investment Advisors Inc. grew its position in Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after acquiring an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC grew its position in Exxon Mobil by 7.0% during the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on XOM shares. Barclays dropped their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Sanford C. Bernstein dropped their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Morgan Stanley dropped their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Wolfe Research assumed coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Finally, Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $119.49 on Monday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. 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 business has a fifty day moving average price of $117.54 and a 200-day moving average price of $116.43. The company has a market capitalization of $471.15 billion, a PE ratio of 14.29, a PEG ratio of 5.00 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the company earned $1.94 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.18%. Exxon Mobil’s payout ratio is 45.45%.

About Exxon Mobil

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.