Exxon Mobil Co. (NYSE:XOM) is Citizens National Bank Trust Department’s 9th Largest Position

Citizens National Bank Trust Department reduced its position in Exxon Mobil Co. (NYSE:XOM) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 85,220 shares of the oil and gas company’s stock after selling 3,601 shares during the period. Exxon Mobil accounts for about 1.9% of Citizens National Bank Trust Department’s holdings, making the stock its 9th largest holding. Citizens National Bank Trust Department’s holdings in Exxon Mobil were worth $9,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mainstay Capital Management LLC ADV boosted its position in shares of Exxon Mobil by 3.7% during the third quarter. Mainstay Capital Management LLC ADV now owns 27,388 shares of the oil and gas company’s stock worth $3,210,000 after buying an additional 980 shares during the period. Nicholson Wealth Management Group LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $877,000. Cross Staff Investments Inc raised its holdings in shares of Exxon Mobil by 1.0% during the third quarter. Cross Staff Investments Inc now owns 10,366 shares of the oil and gas company’s stock valued at $1,215,000 after acquiring an additional 100 shares during the period. Merkkuri Wealth Advisors LLC grew its stake in Exxon Mobil by 2.5% during the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 4,891 shares of the oil and gas company’s stock valued at $573,000 after acquiring an additional 117 shares in the last quarter. Finally, Element Wealth LLC boosted its position in Exxon Mobil by 141.9% during the third quarter. Element Wealth LLC now owns 7,977 shares of the oil and gas company’s stock valued at $935,000 after purchasing an additional 4,680 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.67 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $480.20 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $102.88 and a twelve month high of $126.34. The stock’s 50-day simple moving average is $108.60 and its 200 day simple moving average is $114.48.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm earned $2.48 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.58%. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. BMO Capital Markets cut their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Piper Sandler dropped their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.