Private Trust Co. NA trimmed its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,006 shares of the oil and gas company’s stock after selling 4,123 shares during the period. Exxon Mobil makes up about 0.9% of Private Trust Co. NA’s portfolio, making the stock its 19th largest holding. Private Trust Co. NA’s holdings in Exxon Mobil were worth $6,030,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth approximately $30,000. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $31,000. West Bancorporation Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $32,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $42,000. Finally, Nvwm LLC lifted its position in shares of Exxon Mobil by 100.0% during the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.
NYSE XOM opened at $87.86 on Thursday. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57. The stock’s 50-day moving average is $91.53 and its two-hundred day moving average is $80.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a market cap of $370.11 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05.
The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were issued a dividend of $0.88 per share. The ex-dividend date was Thursday, May 12th. This represents a $3.52 annualized dividend and a yield of 4.01%. Exxon Mobil’s dividend payout ratio (DPR) is currently 58.37%.
XOM has been the subject of a number of recent research reports. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Cowen increased their price objective on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. StockNews.com downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $90.00 to $100.00 in a report on Thursday, April 21st. Finally, JPMorgan Chase & Co. set a $100.00 target price on Exxon Mobil in a report on Tuesday, March 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average target price of $89.24.
In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.
Exxon Mobil Company Profile (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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