Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 41.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the fourth 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. Clarity Asset Management Inc. raised its holdings in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.0%

NYSE XOM traded up $1.10 during trading hours on Friday, hitting $112.15. The company had a trading volume of 11,223,580 shares, compared to its average volume of 15,759,096. The firm's 50 day moving average is $107.25 and its 200 day moving average is $108.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a market capitalization of $483.33 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.15 and a beta of 0.50.

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, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 earnings per share. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler raised Exxon Mobil from a "hold" rating to a "strong-buy" rating and lifted their price objective for the company from $125.00 to $131.00 in a research report on Wednesday. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. 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 issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.40.

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.