St. Louis Trust Co Has $3.65 Million Stake in Exxon Mobil Co. (NYSE:XOM)

St. Louis Trust Co lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,533 shares of the oil and gas company’s stock after acquiring an additional 1,000 shares during the quarter. Exxon Mobil makes up approximately 0.6% of St. Louis Trust Co’s portfolio, making the stock its 27th biggest position. St. Louis Trust Co’s holdings in Exxon Mobil were worth $3,653,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of XOM. Keener Financial Planning LLC acquired a new position in Exxon Mobil during the 4th quarter worth about $80,000. Orion Capital Management LLC acquired a new position in Exxon Mobil during the 3rd quarter valued at about $91,000. Authentikos Wealth Advisory LLC acquired a new position in Exxon Mobil during the 3rd quarter valued at about $92,000. TFO Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 118.5% in the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after buying an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of Exxon Mobil by 851.6% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after buying an additional 792 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock traded down $0.25 on Wednesday, hitting $118.02. The company had a trading volume of 2,554,248 shares, compared to its average volume of 18,042,422. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock’s 50-day simple moving average is $113.96 and its 200 day simple moving average is $106.79. The stock has a market cap of $467.15 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 4.14 and a beta of 0.96.

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 analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.83 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.62 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,400 shares of the business’s 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 completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now 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. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Piper Sandler increased their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Finally, TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.56.

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.