Exxon Mobil Co. (NYSE:XOM) Position Boosted by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,947 shares of the oil and gas company's stock after purchasing an additional 4,885 shares during the quarter. Exxon Mobil accounts for 0.5% of First Citizens Bank & Trust Co.'s holdings, making the stock its 21st biggest position. First Citizens Bank & Trust Co.'s holdings in Exxon Mobil were worth $29,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tallon Kerry Patrick acquired a new position in Exxon Mobil in the 4th quarter worth approximately $789,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $48,348,000. Hager Investment Management Services LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $406,000. Weaver Capital Management LLC grew its holdings in shares of Exxon Mobil by 4.1% during the fourth quarter. Weaver Capital Management LLC now owns 35,286 shares of the oil and gas company's stock valued at $3,796,000 after buying an additional 1,380 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. raised its position in Exxon Mobil by 3.6% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 535,620 shares of the oil and gas company's stock valued at $57,617,000 after buying an additional 18,500 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Scotiabank decreased their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Price Performance

NYSE XOM opened at $104.29 on Monday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock's 50-day moving average is $105.42 and its two-hundred day moving average is $109.02. The firm has a market cap of $449.45 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business 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 12.92% and a net margin of 9.63%. The firm's revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $2.06 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 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.

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