First Financial Bank Trust Division Sells 2,930 Shares of Exxon Mobil Co. (NYSE:XOM)

First Financial Bank Trust Division decreased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,622 shares of the oil and gas company's stock after selling 2,930 shares during the quarter. Exxon Mobil comprises about 0.9% of First Financial Bank Trust Division's portfolio, making the stock its 27th biggest position. First Financial Bank Trust Division's holdings in Exxon Mobil were worth $9,232,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after buying an additional 1,104,617 shares during the period. Norges Bank purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $6,936,737,000. Northern Trust Corp raised its holdings in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XOM shares. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. The Goldman Sachs Group cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, UBS Group decreased 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.61 during midday trading on Friday, hitting $102.08. 28,636,718 shares of the stock were exchanged, compared to its average volume of 15,602,441. The company has a market capitalization of $439.93 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The business has a 50-day moving average price of $107.24 and a two-hundred day moving average price of $109.90. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.88%. Exxon Mobil's payout ratio is 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.