First American Trust FSB Cuts Stock Holdings in ExxonMobil Corporation $XOM

First American Trust FSB trimmed its holdings in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 26.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,171 shares of the oil and gas company’s stock after selling 3,719 shares during the period. First American Trust FSB’s holdings in ExxonMobil were worth $1,224,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in shares of ExxonMobil during the fourth quarter valued at about $26,000. Midwest Capital Advisors LLC bought a new position in shares of ExxonMobil during the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares during the last quarter. Key Capital Management INC bought a new position in shares of ExxonMobil during the fourth quarter valued at about $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of ExxonMobil during the fourth quarter valued at about $32,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Insider Activity at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

ExxonMobil Stock Up 1.2%

XOM stock opened at $150.72 on Thursday. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The firm has a market cap of $624.73 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 0.64 and a beta of 0.16. The business has a 50 day moving average of $152.83 and a 200 day moving average of $142.12.

ExxonMobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same quarter last year, the company earned $1.76 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts forecast that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio is presently 69.48%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Mizuho upped their price objective on shares of ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Zacks Research downgraded shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Piper Sandler lowered their price objective on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Citigroup upped their price objective on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Finally, Bank of America upped their price objective on shares of ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Ten analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and an average target price of $165.55.

Get Our Latest Report on ExxonMobil

ExxonMobil Company Profile

(Free Report)

ExxonMobil 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.

Featured Stories

Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.