Arbor Trust Wealth Advisors LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Arbor Trust Wealth Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.9% in the 4th quarter, HoldingsChannel reports. The firm owned 8,557 shares of the oil and gas company’s stock after buying an additional 156 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Exxon Mobil were worth $856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Financial Strategies Group Inc. increased its stake in shares of Exxon Mobil by 21.2% in the 4th quarter. Financial Strategies Group Inc. now owns 36,430 shares of the oil and gas company’s stock worth $3,628,000 after acquiring an additional 6,373 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of Exxon Mobil by 21.6% in the 4th quarter. Avior Wealth Management LLC now owns 57,853 shares of the oil and gas company’s stock worth $5,784,000 after acquiring an additional 10,277 shares in the last quarter. Diversified Portfolios Inc. increased its stake in shares of Exxon Mobil by 6.2% in the 4th quarter. Diversified Portfolios Inc. now owns 8,500 shares of the oil and gas company’s stock worth $850,000 after acquiring an additional 493 shares in the last quarter. Allen Capital Group LLC increased its stake in shares of Exxon Mobil by 4.9% in the 4th quarter. Allen Capital Group LLC now owns 22,115 shares of the oil and gas company’s stock worth $2,211,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Exxon Mobil by 8.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,698,297 shares of the oil and gas company’s stock worth $169,796,000 after acquiring an additional 133,745 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on XOM shares. Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Finally, TD Cowen raised their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $118.46 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a market capitalization of $468.90 billion, a P/E ratio of 13.33, a P/E/G ratio of 4.08 and a beta of 0.96. The firm’s 50 day simple moving average is $111.18 and its two-hundred day simple moving average is $106.30.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the previous year, the firm earned $3.40 earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

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.