Hilltop National Bank Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

Hilltop National Bank lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 34,271 shares of the oil and gas company’s stock after selling 1,025 shares during the quarter. Exxon Mobil accounts for about 1.1% of Hilltop National Bank’s portfolio, making the stock its 16th largest position. Hilltop National Bank’s holdings in Exxon Mobil were worth $3,687,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter worth about $35,000. Fairscale Capital LLC bought a new stake in Exxon Mobil in the second quarter valued at about $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the second quarter valued at about $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil during the 3rd quarter worth approximately $54,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

XOM traded down $0.71 on Friday, reaching $106.22. The company had a trading volume of 6,188,365 shares, compared to its average volume of 13,112,554. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a market capitalization of $466.85 billion, a P/E ratio of 13.23, a PEG ratio of 4.65 and a beta of 0.91. The company has a fifty day moving average of $113.66 and a 200-day moving average of $115.69. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.27 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.73%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Truist Financial decreased their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Company 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.