Exxon Mobil Co. (NYSE:XOM) Shares Sold by Capital City Trust Co. FL

Capital City Trust Co. FL lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,792 shares of the oil and gas company’s stock after selling 1,975 shares during the quarter. Exxon Mobil comprises approximately 1.4% of Capital City Trust Co. FL’s investment portfolio, making the stock its 22nd largest holding. Capital City Trust Co. FL’s holdings in Exxon Mobil were worth $5,206,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Exxon Mobil in the 4th quarter worth approximately $5,519,753,000. Global Assets Advisory LLC boosted its position in Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after purchasing an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC boosted its position in Exxon Mobil by 566.2% in the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares in the last quarter. International Assets Investment Management LLC boosted its position in Exxon Mobil by 10,221.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after purchasing an additional 4,870,115 shares in the last quarter. Finally, Capital International Investors boosted its position in Exxon Mobil by 22.8% in the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after purchasing an additional 4,084,458 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.1 %

Shares of XOM traded down $0.11 during midday trading on Friday, reaching $113.14. The company had a trading volume of 3,072,111 shares, compared to its average volume of 17,849,930. The firm has a 50 day simple moving average of $114.22 and a 200-day simple moving average of $110.34. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a market cap of $446.11 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the business posted $2.83 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 9.02 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 3.36%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Mizuho upped their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday. TD Cowen upped their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, UBS Group increased their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

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.