First Bank & Trust Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

First Bank & Trust reduced its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,345 shares of the oil and gas company’s stock after selling 278 shares during the quarter. First Bank & Trust’s holdings in Exxon Mobil were worth $634,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XOM. KB Financial Partners LLC purchased a new position in Exxon Mobil during the first quarter valued at approximately $27,000. IMA Wealth Inc. grew its holdings in Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $43,000. Turim 21 Investimentos Ltda. grew its holdings in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in Exxon Mobil in the third quarter valued at approximately $49,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on XOM shares. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Tuesday, January 23rd. UBS Group lowered their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Finally, Mizuho lifted their price target on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.18.

View Our Latest Report on Exxon Mobil

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

NYSE:XOM opened at $113.49 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $120.70. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $450.31 billion, a P/E ratio of 12.77, a P/E/G ratio of 4.16 and a beta of 0.96. The stock’s fifty day moving average is $104.09 and its two-hundred day moving average is $106.01.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.40 EPS. Equities analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.35%. Exxon Mobil’s payout ratio is 42.74%.

Exxon Mobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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