Exxon Mobil Co. (NYSE:XOM) Stock Holdings Reduced by Trust Investment Advisors

Trust Investment Advisors cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,665 shares of the oil and gas company’s stock after selling 888 shares during the period. Trust Investment Advisors’ holdings in Exxon Mobil were worth $1,362,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the fourth quarter worth $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $116.61 on Wednesday. The stock has a market capitalization of $505.99 billion, a P/E ratio of 14.87, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The business has a 50-day moving average price of $110.36 and a two-hundred day moving average price of $113.61.

Exxon Mobil (NYSE:XOM) last announced 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the firm earned $2.48 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.40%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Morgan Stanley raised their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. UBS Group reduced their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Barclays lowered their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Insiders Place Their Bets

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

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.