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

First National Trust Co lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 191,625 shares of the oil and gas company’s stock after selling 12,225 shares during the quarter. Exxon Mobil comprises approximately 0.8% of First National Trust Co’s holdings, making the stock its 26th largest position. First National Trust Co’s holdings in Exxon Mobil were worth $19,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Money Concepts Capital Corp grew its holdings in Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after acquiring an additional 95 shares during the period. Defined Wealth Management LLC grew its holdings in Exxon Mobil by 2.4% during the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 96 shares during the period. Crown Wealth Group LLC grew its holdings in Exxon Mobil by 2.4% during the third quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after acquiring an additional 97 shares during the period. Auxier Asset Management grew its holdings in Exxon Mobil by 0.8% during the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after acquiring an additional 97 shares during the period. Finally, Pennsylvania Capital Management Inc. ADV grew its holdings in Exxon Mobil by 2.0% during the third quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock worth $580,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial upped their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Wells Fargo & Company upped their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Finally, Mizuho reissued a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $134.06.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.2 %

NYSE XOM traded down $0.24 during trading hours on Friday, hitting $116.00. 28,023,313 shares of the company’s stock were exchanged, compared to its average volume of 18,518,412. The business’s 50 day moving average is $114.65 and its 200-day moving average is $106.96. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market capitalization of $457.39 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $79.69 billion. During the same quarter last year, the company posted $2.83 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s payout ratio is 46.57%.

About Exxon Mobil

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.