Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,636 shares of the oil and gas company's stock after selling 5,445 shares during the period. Blue Trust Inc.'s holdings in Exxon Mobil were worth $12,563,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Altus Wealth Group LLC grew 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 acquiring an additional 94 shares during the period. Harvest Fund Management Co. Ltd raised its position in Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after buying an additional 94 shares during the last quarter. WPWealth LLP boosted its holdings in Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares during the last quarter. Financial Management Network Inc. boosted its stake in shares of Exxon Mobil by 1.2% in the 4th quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company's stock worth $910,000 after buying an additional 97 shares during the last quarter. Finally, Centurion Wealth Management LLC boosted its position in Exxon Mobil by 1.1% in the fourth quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock worth $944,000 after purchasing an additional 97 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.4%

NYSE XOM opened at $114.81 on Friday. The stock's 50-day moving average price is $106.56 and its 200-day moving average price is $108.64. The company has a market capitalization of $494.77 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 2.26 and a beta of 0.49. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the business earned $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 annualized dividend and a dividend yield of 3.45%. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XOM. Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Scotiabank lowered their price target 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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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