Arbor Trust Wealth Advisors LLC Has $1.04 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Arbor Trust Wealth Advisors LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 41.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,777 shares of the oil and gas company's stock after selling 6,168 shares during the period. Arbor Trust Wealth Advisors LLC's holdings in Exxon Mobil were worth $1,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $32,000. Synergy Investment Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Clarity Asset Management Inc. raised its holdings in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM traded down $1.07 during midday trading on Monday, hitting $111.13. The company had a trading volume of 15,410,459 shares, compared to its average volume of 15,770,236. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a market cap of $478.93 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 2.16 and a beta of 0.50. The firm has a fifty day simple moving average of $107.37 and a two-hundred day simple moving average of $108.58. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. The firm's revenue was up .1% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Piper Sandler upgraded shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and raised their price target for the company from $125.00 to $131.00 in a report on Wednesday, July 2nd. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.40.

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.