First Financial Bank Trust Division Cuts Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• First Financial Bank Trust Division cut its stake in Exxon Mobil by 11.4%, reducing its holdings to 68,764 shares valued at approximately $7.4 million.
• Exxon Mobil recently reported $1.64 earnings per share, surpassing estimates, but saw a year-over-year revenue decline of 12.4%.
• The company announced a quarterly dividend of $0.99 per share, reflecting an annualized yield of 3.5% and a payout ratio of 56.25%.

First Financial Bank Trust Division decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,764 shares of the oil and gas company's stock after selling 8,858 shares during the quarter. First Financial Bank Trust Division's holdings in Exxon Mobil were worth $7,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 10Elms LLP purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the 1st quarter worth approximately $29,000. Elequin Capital LP bought a new stake in Exxon Mobil in the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after buying an additional 238 shares during the last quarter. Finally, Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.21 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a 50 day moving average price of $110.55 and a two-hundred day moving average price of $109.15. The company has a market capitalization of $478.38 billion, a P/E ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The business's revenue was down 12.4% on a year-over-year basis. Analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's payout ratio is 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Bank of America boosted their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. UBS Group boosted their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Finally, TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $124.81.

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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