Exxon Mobil Corporation (NYSE:XOM) Position Trimmed by First Western Trust Bank

Key Points

• First Western Trust Bank reduced its stake in Exxon Mobil by 15% during the first quarter, selling 2,355 shares, leaving it with 13,397 shares valued at $1,593,000.
• The company reported $1.64 earnings per share for the last quarter, exceeding analysts' expectations, despite a 12.4% year-over-year revenue decline.
• Exxon Mobil will pay a quarterly dividend of $0.99 per share on September 10th, with an annualized dividend yield of 3.7%.

First Western Trust Bank cut its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,397 shares of the oil and gas company's stock after selling 2,355 shares during the period. First Western Trust Bank's holdings in Exxon Mobil were worth $1,593,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Family Office Research LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $220,000. Harbert Fund Advisors Inc. increased its position in shares of Exxon Mobil by 79.0% in the 4th quarter. Harbert Fund Advisors Inc. now owns 8,950 shares of the oil and gas company's stock valued at $963,000 after purchasing an additional 3,950 shares during the last quarter. Heritage Trust Co purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $7,192,000. Glass Jacobson Investment Advisors llc grew its position in shares of Exxon Mobil by 0.9% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 12,799 shares of the oil and gas company's stock valued at $1,377,000 after buying an additional 114 shares during the last quarter. Finally, Integrity Financial Corp WA increased its position in shares of Exxon Mobil by 19.9% during the fourth quarter. Integrity Financial Corp WA now owns 2,227 shares of the oil and gas company's stock worth $240,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Mizuho decreased 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 note on Tuesday, May 13th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Hold" and an average price target of $125.26.

Exxon Mobil Trading Down 0.9%

XOM stock traded down $0.93 during midday trading on Monday, reaching $105.87. 13,564,288 shares of the company's stock traded hands, compared to its average volume of 15,592,594. The business has a 50-day moving average price of $109.89 and a two-hundred day moving average price of $108.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a market capitalization of $451.35 billion, a P/E ratio of 15.04, a PEG ratio of 2.01 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company's revenue was down 12.4% on a year-over-year basis. During the same period last year, the business posted $2.14 EPS. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil's payout ratio is currently 56.25%.

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.