First National Bank of Mount Dora Trust Investment Services Sells 492 Shares of Exxon Mobil Co. (NYSE:XOM)

First National Bank of Mount Dora Trust Investment Services cut its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,233 shares of the oil and gas company’s stock after selling 492 shares during the quarter. Exxon Mobil makes up 1.8% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 15th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Exxon Mobil were worth $7,583,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Root Financial Partners LLC raised its holdings in Exxon Mobil by 10.7% in the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after acquiring an additional 199 shares during the period. RNC Capital Management LLC boosted its position in Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after buying an additional 4,585 shares in the last quarter. Dupree Financial Group LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $378,000. Intact Investment Management Inc. boosted its position in Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after buying an additional 47,400 shares in the last quarter. Finally, AJOVista LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $312,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $0.01 during midday trading on Friday, hitting $111.75. The company’s stock had a trading volume of 8,616,589 shares, compared to its average volume of 18,018,266. The stock has a fifty day moving average price of $115.89 and a 200 day moving average price of $108.98. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $440.63 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 3.90 and a beta of 0.92.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the firm earned $2.83 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Truist Financial reaffirmed a “hold” rating and issued a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Mizuho lifted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. HSBC lifted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.71.

Read Our Latest Research Report on XOM

Exxon Mobil Profile

(Free Report)

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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