Fiduciary Trust Co decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 606,468 shares of the oil and gas company's stock after selling 4,191 shares during the period. Exxon Mobil makes up about 0.9% of Fiduciary Trust Co's portfolio, making the stock its 21st largest position. Fiduciary Trust Co's holdings in Exxon Mobil were worth $65,238,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. West Oak Capital LLC lifted its holdings in Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock valued at $1,743,000 after buying an additional 92 shares during the period. Beacon Capital Management LLC lifted its position in Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after purchasing an additional 93 shares during the period. Cadent Capital Advisors LLC lifted its stake in Exxon Mobil by 0.3% in the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock valued at $4,020,000 after purchasing an additional 94 shares during the last quarter. Lincoln Capital LLC grew its holdings in Exxon Mobil by 1.1% during the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock worth $917,000 after acquiring an additional 94 shares during the last quarter. Finally, Altus Wealth Group LLC raised its holdings in Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on XOM. Piper Sandler cut their price target on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday. HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Finally, Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.50.
Get Our Latest Stock Report on Exxon Mobil
Exxon Mobil Trading Up 1.0%
XOM stock traded up $1.06 during trading on Tuesday, hitting $110.22. The company had a trading volume of 6,318,031 shares, compared to its average volume of 15,546,027. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $475.01 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $109.04 and a 200-day moving average price of $111.01.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.
Exxon Mobil Company 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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