FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 3,912 Shares of Exxon Mobil Co. (NYSE:XOM)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,923 shares of the oil and gas company's stock after selling 3,912 shares during the quarter. Exxon Mobil comprises approximately 1.6% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH's portfolio, making the stock its 14th biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Exxon Mobil were worth $6,175,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. 10Elms LLP purchased a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $32,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $47,000. Finally, Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the period. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank lowered their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, Royal Bank of Canada reiterated 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 assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Trading Up 2.1%

Exxon Mobil stock opened at $112.06 on Monday. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The business's fifty day moving average is $105.51 and its 200 day moving average is $108.66. The stock has a market capitalization of $482.95 billion, a PE ratio of 14.29, 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 posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.

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