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CENTRAL TRUST Co Has $35.78 Million Stock Holdings in ExxonMobil Corporation $XOM

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Key Points

  • CENTRAL TRUST Co reduced its position in ExxonMobil by 2.9% in Q4, selling 8,995 shares and ending the period with 297,291 shares valued at $35.78 million.
  • ExxonMobil beat Q1 estimates with adjusted EPS of $1.16 vs. $0.98 consensus and revenue of $83.16 billion, and announced a quarterly dividend of $1.03 (annualized $4.12, ~2.7% yield) with an ex-dividend date of May 15 and payment on June 10.
  • Insiders sold 6,460 shares last quarter (including VP Darrin L. Talley’s sale of 3,230 shares), institutional investors own about 61.8% of the stock, and analysts' consensus rating is "Moderate Buy" with a $161.70 price target.
  • MarketBeat previews top five stocks to own in June.

CENTRAL TRUST Co decreased its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297,291 shares of the oil and gas company's stock after selling 8,995 shares during the quarter. CENTRAL TRUST Co's holdings in ExxonMobil were worth $35,776,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in XOM. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil during the fourth quarter worth $27,000. Key Capital Management INC acquired a new stake in shares of ExxonMobil during the fourth quarter worth $28,000. Westfuller Advisors LLC acquired a new stake in shares of ExxonMobil during the third quarter worth $30,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil during the fourth quarter worth $32,000. Finally, DecisionPoint Financial LLC lifted its holdings in shares of ExxonMobil by 968.0% during the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company's stock worth $32,000 after buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 3,230 shares of ExxonMobil stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 6,460 shares of company stock valued at $989,104 in the last quarter. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. BMO Capital Markets reissued a "market perform" rating and set a $155.00 target price on shares of ExxonMobil in a report on Wednesday, February 4th. Royal Bank Of Canada lifted their target price on ExxonMobil from $160.00 to $180.00 and gave the stock a "sector perform" rating in a report on Thursday, April 9th. Zacks Research raised ExxonMobil from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 21st. Scotiabank lifted their target price on ExxonMobil from $128.00 to $163.00 and gave the stock a "sector outperform" rating in a report on Wednesday, April 22nd. Finally, Bank of America lifted their target price on ExxonMobil from $135.00 to $151.00 and gave the stock a "neutral" rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $161.70.

Get Our Latest Stock Analysis on XOM

ExxonMobil Stock Up 0.7%

Shares of NYSE XOM opened at $153.80 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The stock has a market capitalization of $639.29 billion, a P/E ratio of 25.94, a PEG ratio of 0.69 and a beta of 0.19. The stock's fifty day moving average is $154.98 and its 200 day moving average is $135.25.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) 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 firm had revenue of $83.16 billion for the quarter, compared to analysts' expectations of $81.13 billion. During the same quarter in the previous year, the business posted $1.76 earnings per share. The business's revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts forecast that ExxonMobil Corporation will post 11.18 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil's payout ratio is currently 61.58%.

About ExxonMobil

(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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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