Fulton Bank N.A. Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Fulton Bank N.A. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 20.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 54,975 shares of the oil and gas company’s stock after buying an additional 9,429 shares during the quarter. Fulton Bank N.A.’s holdings in Exxon Mobil were worth $5,914,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the second quarter valued at about $35,000. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil in the third quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the third quarter valued at approximately $54,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Stock Down 1.5 %

XOM traded down $1.68 on Wednesday, hitting $107.07. The company had a trading volume of 8,279,968 shares, compared to its average volume of 12,629,834. The stock has a fifty day simple moving average of $114.06 and a 200-day simple moving average of $115.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $470.58 billion, a P/E ratio of 13.33, a P/E/G ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.70%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.