Glenview Trust co Sells 1,629 Shares of Exxon Mobil Co. (NYSE:XOM)

Glenview Trust co reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 279,816 shares of the oil and gas company’s stock after selling 1,629 shares during the quarter. Glenview Trust co’s holdings in Exxon Mobil were worth $30,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $47,000. 61.80% of the stock is owned by institutional investors.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XOM. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, Morgan Stanley upped their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Price Performance

XOM stock opened at $111.98 on Friday. The company has a market cap of $485.90 billion, a P/E ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a 50-day moving average of $109.34 and a 200 day moving average of $113.65. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the company earned $2.48 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.