Thomasville National Bank Acquires 8,331 Shares of Exxon Mobil Co. (NYSE:XOM)

Thomasville National Bank grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 205,088 shares of the oil and gas company’s stock after acquiring an additional 8,331 shares during the period. Exxon Mobil comprises 1.8% of Thomasville National Bank’s holdings, making the stock its 19th largest holding. Thomasville National Bank’s holdings in Exxon Mobil were worth $24,391,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of XOM. Geode Capital Management LLC increased its position in shares of Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock worth $10,023,875,000 after buying an additional 1,104,617 shares during the period. Norges Bank acquired a new stake in Exxon Mobil in the fourth quarter worth $6,936,737,000. Northern Trust Corp grew its holdings in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Mizuho dropped 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 note on Tuesday, May 13th. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Price Performance

XOM opened at $109.71 on Friday. The company has a market capitalization of $472.81 billion, a price-to-earnings ratio of 13.99, a PEG 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 firm has a 50-day moving average price of $105.28 and a 200-day moving average price of $108.82. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

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, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid 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 3.61%. Exxon Mobil’s dividend payout ratio is currently 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.