Equitable Trust Co. Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Equitable Trust Co. reduced its position in Exxon Mobil Co. (NYSE:XOM) by 6.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 86,308 shares of the oil and gas company’s stock after selling 6,087 shares during the quarter. Equitable Trust Co.’s holdings in Exxon Mobil were worth $9,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Exxon Mobil by 6.0% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 50,050 shares of the oil and gas company’s stock worth $5,384,000 after purchasing an additional 2,855 shares in the last quarter. Eukles Asset Management boosted its holdings in shares of Exxon Mobil by 4.7% in the 4th quarter. Eukles Asset Management now owns 4,089 shares of the oil and gas company’s stock worth $440,000 after purchasing an additional 185 shares in the last quarter. Walter & Keenan Wealth Management LLC IN ADV lifted its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 26,810 shares of the oil and gas company’s stock valued at $2,884,000 after acquiring an additional 103 shares during the last quarter. Soltis Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 0.5% in the 4th quarter. Soltis Investment Advisors LLC now owns 69,890 shares of the oil and gas company’s stock valued at $7,518,000 after acquiring an additional 365 shares during the last quarter. Finally, Quilter Plc lifted its stake in shares of Exxon Mobil by 47.9% in the 4th quarter. Quilter Plc now owns 559,963 shares of the oil and gas company’s stock valued at $60,235,000 after acquiring an additional 181,441 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.7 %

XOM stock opened at $108.10 on Friday. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The business’s 50 day moving average price is $109.02 and its two-hundred day moving average price is $114.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market capitalization of $475.10 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company posted $2.48 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. Exxon Mobil’s payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Finally, Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

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.