Exxon Mobil Co. (NYSE:XOM) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,423 shares of the oil and gas company’s stock after selling 3,381 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Exxon Mobil were worth $17,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 114 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at about $860,000. Legacy Financial Advisors Inc. lifted its holdings in Exxon Mobil by 8.9% in the second quarter. Legacy Financial Advisors Inc. now owns 28,612 shares of the oil and gas company’s stock worth $3,294,000 after acquiring an additional 2,328 shares during the last quarter. Auxier Asset Management boosted its stake in Exxon Mobil by 2.9% in the second quarter. Auxier Asset Management now owns 13,192 shares of the oil and gas company’s stock valued at $1,519,000 after acquiring an additional 371 shares during the period. Finally, Alaethes Wealth LLC raised its position in shares of Exxon Mobil by 1.6% during the 2nd quarter. Alaethes Wealth LLC now owns 19,705 shares of the oil and gas company’s stock worth $2,268,000 after purchasing an additional 302 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.9 %

NYSE:XOM opened at $112.37 on Monday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company’s 50 day moving average is $112.56 and its 200-day moving average is $115.51. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The company’s revenue was down .8% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.