Nixon Peabody Trust Co. Has $8.13 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Nixon Peabody Trust Co. trimmed its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,324 shares of the oil and gas company's stock after selling 47,771 shares during the period. Nixon Peabody Trust Co.'s holdings in Exxon Mobil were worth $8,126,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of XOM. 10Elms LLP bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $32,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the fourth quarter worth about $36,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on XOM shares. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Scotiabank reduced their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Trading Down 0.5%

Exxon Mobil stock traded down $0.51 during midday trading on Thursday, hitting $101.79. 13,905,570 shares of the stock were exchanged, compared to its average volume of 15,532,486. The stock has a market capitalization of $438.67 billion, a PE ratio of 12.98, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a fifty day simple moving average of $106.06 and a two-hundred day simple moving average of $109.42. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the firm posted $2.06 earnings per share. The business's quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.89%. Exxon Mobil's dividend payout ratio is presently 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.