Whittier Trust Co. of Nevada Inc. Has $14 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Whittier Trust Co. of Nevada Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,608 shares of the oil and gas company’s stock after selling 1,166 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Exxon Mobil were worth $13,999,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil in the 1st quarter valued at $25,000. First Pacific Financial acquired a new position in Exxon Mobil in the 1st quarter valued at $34,000. POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Lynx Investment Advisory acquired a new position in Exxon Mobil in the 2nd quarter valued at $47,000. Finally, Partnership Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Truist Financial lowered their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Morgan Stanley restated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. UBS Group raised their price target on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $2.01 during trading on Thursday, reaching $118.53. The stock had a trading volume of 3,700,925 shares, compared to its average volume of 16,884,426. The stock has a market capitalization of $467.36 billion, a PE ratio of 14.42, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The business’s 50-day moving average price is $115.52 and its 200 day moving average price is $114.16.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Exxon Mobil 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.