Country Club Bank Purchases 952 Shares of Exxon Mobil Co. (NYSE:XOM)

Country Club Bank raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,958 shares of the oil and gas company’s stock after acquiring an additional 952 shares during the period. Exxon Mobil comprises approximately 1.2% of Country Club Bank’s portfolio, making the stock its 19th biggest holding. Country Club Bank’s holdings in Exxon Mobil were worth $17,000,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter valued at about $25,000. First Pacific Financial purchased a new stake in Exxon Mobil in the 1st quarter worth approximately $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Lynx Investment Advisory bought a new position in shares of Exxon Mobil during the second quarter valued at approximately $47,000. Finally, Vima LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $50,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.21 on Thursday, reaching $118.74. The company’s stock had a trading volume of 11,562,956 shares, compared to its average volume of 17,265,457. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market capitalization of $468.19 billion, a P/E ratio of 14.59, a PEG ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $114.49 and its two-hundred day simple moving average is $113.19.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS. Research analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. UBS Group raised their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, TD Cowen raised their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.39.

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.