Ames National Corp Purchases New Shares in Exxon Mobil Co. (NYSE:XOM)

Ames National Corp acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,071 shares of the oil and gas company’s stock, valued at approximately $976,000.

Several other institutional investors have also modified their holdings of the stock. Quantinno Capital Management LP raised its holdings in shares of Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock valued at $61,332,000 after acquiring an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $55,000. Rockline Wealth Management LLC lifted its holdings in Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after purchasing an additional 1,498 shares in the last quarter. Renasant Bank boosted its stake in Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after purchasing an additional 493 shares during the last quarter. Finally, Paradigm Capital Management LLC NV grew its holdings in shares of Exxon Mobil by 1.6% during 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 buying an additional 227 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $104.87 on Wednesday. The stock has a fifty day simple moving average of $108.85 and a 200-day simple moving average of $110.67. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $451.95 billion, a PE ratio of 13.38, a P/E/G ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 earnings per share. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.78%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research reports. Barclays decreased their price target on shares of Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. BMO Capital Markets dropped their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.