Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Davidson Trust Co.

Davidson Trust Co. lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,491 shares of the oil and gas company's stock after acquiring an additional 4,747 shares during the quarter. Exxon Mobil accounts for approximately 2.3% of Davidson Trust Co.'s investment portfolio, making the stock its 7th largest holding. Davidson Trust Co.'s holdings in Exxon Mobil were worth $4,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. 10Elms LLP acquired a new position in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth approximately $32,000. Clarity Asset Management Inc. increased 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 worth $47,000 after buying an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. acquired a new position in Exxon Mobil in the 4th quarter worth approximately $51,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $125.00 to $131.00 in a research report on Wednesday. Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Scotiabank lowered their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $125.40.

Exxon Mobil Trading Up 1.0%

NYSE:XOM traded up $1.10 during mid-day trading on Friday, reaching $112.15. The company's stock had a trading volume of 11,223,580 shares, compared to its average volume of 15,771,659. The company's fifty day simple moving average is $107.32 and its two-hundred day simple moving average is $108.52. 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 twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market cap of $483.33 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.16 and a beta of 0.50.

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 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for 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 quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $2.06 EPS. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued 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 3.53%. Exxon Mobil's payout ratio is currently 52.52%.

About Exxon Mobil

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.