Legacy Trust Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Legacy Trust boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 12.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,861 shares of the oil and gas company’s stock after buying an additional 997 shares during the quarter. Legacy Trust’s holdings in Exxon Mobil were worth $1,054,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Thomasville National Bank raised its position in Exxon Mobil by 4.2% during the 1st quarter. Thomasville National Bank now owns 205,088 shares of the oil and gas company’s stock worth $24,391,000 after buying an additional 8,331 shares during the last quarter. Rockland Trust Co. raised its position in Exxon Mobil by 3.5% during the 1st quarter. Rockland Trust Co. now owns 282,880 shares of the oil and gas company’s stock worth $33,643,000 after buying an additional 9,605 shares during the last quarter. Ballew Advisors Inc raised its position in Exxon Mobil by 12.2% during the 1st quarter. Ballew Advisors Inc now owns 7,582 shares of the oil and gas company’s stock worth $902,000 after buying an additional 827 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in Exxon Mobil by 3.6% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 161,230 shares of the oil and gas company’s stock worth $19,175,000 after buying an additional 5,605 shares during the last quarter. Finally, Spectrum Asset Management Inc. NB CA raised its position in Exxon Mobil by 25.6% during the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 38,096 shares of the oil and gas company’s stock worth $4,531,000 after buying an additional 7,763 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $109.71 on Friday. The company’s fifty day moving average price is $105.28 and its 200 day moving average price is $108.82. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market capitalization of $472.81 billion, a P/E ratio of 13.99, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter last year, the company earned $2.06 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.61%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Scotiabank cut their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Finally, Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

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.