Citizens Business Bank Grows Stake in Exxon Mobil Corporation $XOM

Key Points

• Citizens Business Bank increased its stake in Exxon Mobil Corporation by 9.5%, bringing its total ownership to 29,339 shares valued at $3,163,000 as of the latest SEC filing.
• Exxon Mobil's recent earnings report highlighted a net income of $0.65 earnings per share and a revenue of $57.55 billion, with analysts projecting EPS of 7.43 for the current fiscal year.
• The company declared a quarterly dividend of $0.99 per share, resulting in an annualized yield of 3.5% and a payout ratio of 56.25%.

Citizens Business Bank raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,339 shares of the oil and gas company's stock after acquiring an additional 2,544 shares during the quarter. Citizens Business Bank's holdings in Exxon Mobil were worth $3,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stanley Laman Group Ltd. purchased a new position in Exxon Mobil in the second quarter valued at about $297,000. Curbstone Financial Management Corp boosted its stake in Exxon Mobil by 0.6% in the second quarter. Curbstone Financial Management Corp now owns 41,068 shares of the oil and gas company's stock valued at $4,427,000 after acquiring an additional 230 shares during the last quarter. Ariston Services Group boosted its stake in Exxon Mobil by 25.2% in the second quarter. Ariston Services Group now owns 6,450 shares of the oil and gas company's stock valued at $695,000 after acquiring an additional 1,300 shares during the last quarter. Arista Wealth Management LLC boosted its stake in Exxon Mobil by 571.8% in the second quarter. Arista Wealth Management LLC now owns 33,767 shares of the oil and gas company's stock valued at $3,640,000 after acquiring an additional 28,741 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC boosted its stake in Exxon Mobil by 4.9% in the second quarter. AssuredPartners Investment Advisors LLC now owns 46,612 shares of the oil and gas company's stock valued at $5,025,000 after acquiring an additional 2,198 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $112.20 on Monday. The firm's 50 day simple moving average is $111.83 and its 200 day simple moving average is $109.16. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $478.35 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio is 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on XOM shares. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Wells Fargo & Company started coverage on shares of Exxon Mobil in a research report on Friday. They issued an "overweight" rating and a $156.00 price target on the stock. UBS Group boosted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. Finally, Barclays lowered their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $127.58.

Exxon Mobil Profile

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.

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