Exxon Mobil Co. (NYSE:XOM) Shares Sold by Diversified Trust Co

Diversified Trust Co cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 92,474 shares of the oil and gas company’s stock after selling 5,107 shares during the period. Diversified Trust Co’s holdings in Exxon Mobil were worth $9,947,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Bangor Savings Bank boosted its stake in Exxon Mobil by 74.1% in the fourth quarter. Bangor Savings Bank now owns 44,423 shares of the oil and gas company’s stock valued at $4,779,000 after acquiring an additional 18,900 shares during the period. Canandaigua National Trust Co of Florida lifted its holdings in shares of Exxon Mobil by 30.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 6,444 shares of the oil and gas company’s stock worth $693,000 after purchasing an additional 1,499 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its position in Exxon Mobil by 1.7% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 220,576 shares of the oil and gas company’s stock valued at $23,727,000 after purchasing an additional 3,716 shares during the period. Ables Iannone Moore & Associates Inc. grew its stake in Exxon Mobil by 2.4% during the 4th quarter. Ables Iannone Moore & Associates Inc. now owns 8,235 shares of the oil and gas company’s stock worth $886,000 after buying an additional 196 shares during the last quarter. Finally, Advance Capital Management Inc. increased its position in Exxon Mobil by 1.0% in the fourth quarter. Advance Capital Management Inc. now owns 11,615 shares of the oil and gas company’s stock worth $1,249,000 after buying an additional 114 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $1.52 during trading on Tuesday, reaching $109.26. The company’s stock had a trading volume of 3,608,737 shares, compared to its average volume of 11,467,068. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $480.21 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The business’s fifty day moving average price is $114.23 and its 200-day moving average price is $115.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the business posted $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.62%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Company 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.