Stock Yards Bank & Trust Co. Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Stock Yards Bank & Trust Co. trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 266,517 shares of the oil and gas company’s stock after selling 1,741 shares during the period. Exxon Mobil accounts for approximately 1.1% of Stock Yards Bank & Trust Co.’s portfolio, making the stock its 29th biggest position. Stock Yards Bank & Trust Co.’s holdings in Exxon Mobil were worth $31,697,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tallon Kerry Patrick purchased a new position in Exxon Mobil during the 4th quarter worth $789,000. Union Bancaire Privee UBP SA purchased a new position in Exxon Mobil during the 4th quarter worth $48,348,000. SOA Wealth Advisors LLC. grew its position in Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock worth $753,000 after purchasing an additional 1,595 shares during the last quarter. Peterson Wealth Services grew its position in Exxon Mobil by 5.2% during the 4th quarter. Peterson Wealth Services now owns 22,105 shares of the oil and gas company’s stock worth $2,378,000 after purchasing an additional 1,097 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its position in Exxon Mobil by 4.2% during the 4th quarter. Strengthening Families & Communities LLC now owns 31,957 shares of the oil and gas company’s stock worth $3,438,000 after purchasing an additional 1,297 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.06 on Friday. 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 $105.51 and a 200-day simple moving average of $108.72. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market capitalization of $482.95 billion, a PE ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its 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 net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the firm posted $2.06 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley reduced their target price 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. UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

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.