First Community Trust NA Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

First Community Trust NA decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 48.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,157 shares of the oil and gas company’s stock after selling 3,983 shares during the quarter. First Community Trust NA’s holdings in Exxon Mobil were worth $459,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Exxon Mobil by 94.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after purchasing an additional 19,230,872 shares during the period. FMR LLC boosted its position in Exxon Mobil by 14.9% in the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after buying an additional 17,521,080 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Exxon Mobil by 1,505.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock worth $833,291,000 after acquiring an additional 9,124,095 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Exxon Mobil during the third quarter worth $347,253,000. Finally, Legal & General Group Plc raised its stake in shares of Exxon Mobil by 14.3% in the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after acquiring an additional 3,131,617 shares in the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. Citigroup upped their price target on Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. Mizuho raised their target price on shares of Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Argus boosted their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Barclays raised their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Finally, Piper Sandler lowered their target price on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.64.

Exxon Mobil Trading Down 1.2 %

NYSE XOM opened at $99.84 on Friday. The firm’s fifty day moving average is $111.74 and its two-hundred day moving average is $106.50. Exxon Mobil Co. has a one year low of $78.10 and a one year high of $119.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The firm has a market cap of $406.45 billion, a PE ratio of 7.53, a P/E/G ratio of 0.43 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio is presently 27.45%.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.