Park National Corp OH Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Park National Corp OH cut its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,321 shares of the oil and gas company's stock after selling 7,606 shares during the quarter. Park National Corp OH's holdings in Exxon Mobil were worth $25,727,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Beacon Capital Management LLC increased its stake in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after purchasing an additional 93 shares in the last quarter. Altus Wealth Group LLC grew its stake in shares of Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after buying an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in Exxon Mobil by 11.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after buying an additional 94 shares in the last quarter. Field & Main Bank raised its stake in Exxon Mobil by 0.4% during the fourth quarter. Field & Main Bank now owns 23,495 shares of the oil and gas company's stock valued at $2,527,000 after buying an additional 95 shares during the last quarter. Finally, WPWealth LLP boosted its holdings in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after acquiring an additional 96 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Bernstein Bank raised their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.61 during trading hours on Friday, reaching $102.08. 28,636,718 shares of the stock traded hands, compared to its average volume of 15,602,441. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The firm has a market capitalization of $439.93 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $107.24 and a 200 day moving average price of $109.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

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.