First American Trust FSB Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

First American Trust FSB boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,894 shares of the oil and gas company’s stock after buying an additional 2,293 shares during the quarter. First American Trust FSB’s holdings in Exxon Mobil were worth $989,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $27,000. IMA Wealth Inc. lifted its holdings in Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $43,000. Studio Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $49,000. Finally, Turim 21 Investimentos Ltda. raised its holdings in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,400 shares of the company’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 transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

XOM stock opened at $118.63 on Thursday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a market capitalization of $469.57 billion, a PE ratio of 13.34, a P/E/G ratio of 4.08 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $110.89 and its 200 day moving average price is $106.22.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the previous year, the firm posted $3.40 EPS. Exxon Mobil’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.20%. Exxon Mobil’s payout ratio is 42.74%.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Truist Financial increased their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Barclays initiated coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Finally, UBS Group increased their price target on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.44.

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.