Washington Trust Bank Sells 4,841 Shares of Exxon Mobil Corporation (NYSE:XOM)

Washington Trust Bank decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,019 shares of the oil and gas company's stock after selling 4,841 shares during the period. Washington Trust Bank's holdings in Exxon Mobil were worth $8,446,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil during the 1st quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. boosted its position in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.4%

Shares of NYSE:XOM traded up $0.48 during trading on Thursday, reaching $114.28. The company's stock had a trading volume of 4,962,941 shares, compared to its average volume of 16,979,236. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm's 50 day simple moving average is $107.65 and its two-hundred day simple moving average is $108.66. The stock has a market capitalization of $492.49 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating 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 firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the firm earned $2.06 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Scotiabank cut 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. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Piper Sandler upped their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $125.55.

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.