Whittier Trust Co. of Nevada Inc. Has $18.72 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Whittier Trust Co. of Nevada Inc. grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,385 shares of the oil and gas company's stock after purchasing an additional 20,875 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Exxon Mobil were worth $18,718,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its position in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after buying an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $55,000. Legacy Trust boosted its holdings in shares of Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after acquiring an additional 997 shares in the last quarter. Paradigm Capital Management LLC NV boosted its holdings in shares of Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after acquiring an additional 227 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its holdings in shares of Exxon Mobil by 24.2% in the first quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock valued at $4,605,000 after acquiring an additional 7,543 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.6%

Exxon Mobil stock traded down $0.66 during midday trading on Wednesday, reaching $112.26. The stock had a trading volume of 11,157,659 shares, compared to its average volume of 15,777,621. The firm has a market cap of $483.78 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 2.18 and a beta of 0.50. The firm's fifty day simple moving average is $108.39 and its two-hundred day simple moving average is $108.89. 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS 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 business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the firm posted $2.06 earnings per share. Exxon Mobil's revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler raised their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.05.

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.