Bank & Trust Co Sells 192 Shares of Exxon Mobil Co. (NYSE:XOM)

Bank & Trust Co trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,743 shares of the oil and gas company’s stock after selling 192 shares during the period. Exxon Mobil comprises approximately 1.8% of Bank & Trust Co’s investment portfolio, making the stock its 12th biggest position. Bank & Trust Co’s holdings in Exxon Mobil were worth $2,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at approximately $35,000. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the third quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the third quarter worth approximately $54,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on XOM shares. Mizuho lowered their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wolfe Research upped their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Stock Performance

XOM stock traded up $1.65 during mid-day trading on Tuesday, hitting $109.39. The company had a trading volume of 4,195,193 shares, compared to its average volume of 11,594,993. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The stock’s fifty day moving average price is $114.23 and its two-hundred day moving average price is $115.83. The firm has a market cap of $480.78 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

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, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

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.