First American Trust FSB Has $1.76 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• First American Trust FSB increased its holdings in Exxon Mobil by 21.6%, acquiring an additional 2,633 shares, bringing its total to 14,823 shares valued at approximately $1.76 million.
• Exxon Mobil's recent earnings report showed an EPS of $1.64, exceeding estimates, but revenue declined by 12.4% year-over-year despite reporting $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, resulting in an annualized dividend yield of 3.7% with a payout ratio of 56.25%.

First American Trust FSB lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 21.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,823 shares of the oil and gas company's stock after purchasing an additional 2,633 shares during the quarter. First American Trust FSB's holdings in Exxon Mobil were worth $1,763,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SouthState Corp raised its stake in shares of Exxon Mobil by 22.4% during the first quarter. SouthState Corp now owns 80,970 shares of the oil and gas company's stock valued at $9,630,000 after purchasing an additional 14,828 shares in the last quarter. CCM Investment Group LLC bought a new stake in Exxon Mobil in the first quarter worth about $9,563,000. Nuveen LLC bought a new stake in Exxon Mobil in the first quarter worth about $2,730,414,000. Strengthening Families & Communities LLC raised its position in Exxon Mobil by 2.3% in the first quarter. Strengthening Families & Communities LLC now owns 32,706 shares of the oil and gas company's stock worth $3,882,000 after acquiring an additional 749 shares in the last quarter. Finally, American Alpha Advisors LLC bought a new stake in Exxon Mobil in the first quarter worth about $476,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. UBS Group dropped their price target 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. Morgan Stanley boosted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $125.26.

Exxon Mobil Stock Up 0.3%

NYSE:XOM traded up $0.27 on Tuesday, hitting $106.10. 14,104,424 shares of the company's stock traded hands, compared to its average volume of 15,610,114. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a 50-day moving average price of $109.99 and a 200-day moving average price of $108.92. The company has a market cap of $452.33 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil's payout ratio is presently 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.