Busey Bank Purchases 8,951 Shares of Exxon Mobil Corporation $XOM

Busey Bank increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,185 shares of the oil and gas company’s stock after buying an additional 8,951 shares during the period. Busey Bank’s holdings in Exxon Mobil were worth $24,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC grew its holdings in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the period. WPG Advisers LLC bought a new stake in Exxon Mobil in the first quarter valued at approximately $136,000. Evergreen Capital Management LLC lifted its position in shares of Exxon Mobil by 4.2% in the first quarter. Evergreen Capital Management LLC now owns 59,755 shares of the oil and gas company’s stock valued at $7,107,000 after buying an additional 2,429 shares during the last quarter. Activest Wealth Management boosted its stake in shares of Exxon Mobil by 190.9% during the 1st quarter. Activest Wealth Management now owns 1,123 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 737 shares during the period. Finally, New Vernon Investment Management LLC increased its holdings in shares of Exxon Mobil by 1,140.6% during the 1st quarter. New Vernon Investment Management LLC now owns 19,850 shares of the oil and gas company’s stock worth $2,361,000 after acquiring an additional 18,250 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

NYSE:XOM opened at $119.09 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The firm’s 50-day simple moving average is $116.65 and its 200 day simple moving average is $113.23. The firm has a market cap of $502.20 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 7.49 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion for the quarter. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is 59.88%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research analyst reports. TD Cowen increased their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Barclays dropped their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Morgan Stanley lifted their target price on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Cowen reissued a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. Finally, UBS Group restated a “buy” rating on shares of Exxon Mobil in a research report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.45.

Exxon Mobil Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.