CENTRAL TRUST Co Sells 10,630 Shares of Exxon Mobil Corporation (NYSE:XOM)

CENTRAL TRUST Co cut its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 314,910 shares of the oil and gas company's stock after selling 10,630 shares during the quarter. Exxon Mobil makes up approximately 0.9% of CENTRAL TRUST Co's investment portfolio, making the stock its 27th largest holding. CENTRAL TRUST Co's holdings in Exxon Mobil were worth $37,452,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Beacon Capital Management LLC raised its holdings in shares of Exxon Mobil by 1.1% in the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after acquiring an additional 93 shares during the last quarter. Altus Wealth Group LLC increased its stake in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after purchasing an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after purchasing an additional 94 shares during the last quarter. WPWealth LLP increased its stake in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after purchasing an additional 96 shares during the last quarter. Finally, Financial Management Network Inc. increased its stake in Exxon Mobil by 1.2% in the fourth quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company's stock valued at $910,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.07 on Wednesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a 50-day moving average of $105.91 and a 200-day moving average of $108.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The company has a market capitalization of $491.58 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.25 and a beta of 0.49.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on XOM shares. Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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.

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