Trust Co. of Oklahoma Sells 299 Shares of Exxon Mobil Co. (NYSE:XOM)

Trust Co. of Oklahoma cut its position in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,981 shares of the oil and gas company’s stock after selling 299 shares during the quarter. Exxon Mobil comprises about 0.9% of Trust Co. of Oklahoma’s holdings, making the stock its 27th largest position. Trust Co. of Oklahoma’s holdings in Exxon Mobil were worth $2,687,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in XOM. AXA S.A. grew its position in shares of Exxon Mobil by 18.5% in the second quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock valued at $15,080,000 after purchasing an additional 20,475 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its stake in Exxon Mobil by 297.3% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 35,145 shares of the oil and gas company’s stock worth $4,046,000 after purchasing an additional 26,300 shares during the period. Comerica Bank increased its position in shares of Exxon Mobil by 5.4% during the second quarter. Comerica Bank now owns 1,570,767 shares of the oil and gas company’s stock valued at $180,827,000 after buying an additional 80,818 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Exxon Mobil by 24.4% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 4,770 shares of the oil and gas company’s stock worth $549,000 after buying an additional 937 shares in the last quarter. Finally, Arkos Global Advisors boosted its position in shares of Exxon Mobil by 21.8% in the second quarter. Arkos Global Advisors now owns 4,124 shares of the oil and gas company’s stock valued at $475,000 after acquiring an additional 737 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Mizuho dropped their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Down 1.4 %

Shares of XOM stock opened at $108.64 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50-day moving average of $111.56 and a 200 day moving average of $115.38. The stock has a market capitalization of $477.48 billion, a PE ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $99.61 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.