Thomasville National Bank Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Thomasville National Bank grew its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,088 shares of the oil and gas company's stock after purchasing an additional 8,331 shares during the period. Exxon Mobil comprises about 1.8% of Thomasville National Bank's investment portfolio, making the stock its 19th biggest holding. Thomasville National Bank's holdings in Exxon Mobil were worth $24,391,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Quantinno Capital Management LP boosted its position in Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $55,000. Renasant Bank increased its holdings in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after buying an additional 493 shares during the last quarter. Paradigm Capital Management LLC NV raised its position in Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after acquiring an additional 227 shares during the period. Finally, University of Texas Texas AM Investment Management Co. boosted its stake in shares of Exxon Mobil by 2,334.5% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company's stock worth $3,897,000 after acquiring an additional 34,738 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 2.1%

Shares of Exxon Mobil stock traded up $2.33 during trading on Friday, reaching $112.06. The company's stock had a trading volume of 28,512,903 shares, compared to its average volume of 15,687,104. The company has a market cap of $482.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. 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 simple moving average of $105.28 and a two-hundred day simple moving average of $108.82. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the business earned $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analyst Weigh In

A number of analysts have commented on XOM shares. Morgan Stanley reduced their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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.