Cetera Trust Company N.A Takes Position in Exxon Mobil Co. (NYSE:XOM)

Cetera Trust Company N.A acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,820 shares of the oil and gas company’s stock, valued at approximately $282,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Keener Financial Planning LLC purchased a new position in Exxon Mobil in the 4th quarter worth $80,000. Orion Capital Management LLC purchased a new position in Exxon Mobil in the 3rd quarter worth $91,000. Authentikos Wealth Advisory LLC purchased a new position in Exxon Mobil in the 3rd quarter worth $92,000. TFO Wealth Partners LLC raised its position in Exxon Mobil by 118.5% in the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 525 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. raised its position in Exxon Mobil by 851.6% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 0.6 %

Shares of XOM opened at $120.58 on Tuesday. The firm’s 50-day moving average price is $111.89 and its 200-day moving average price is $106.31. The firm has a market capitalization of $477.29 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 4.12 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.40 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. TD Cowen lifted their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. UBS Group lifted their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Mizuho reissued a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Finally, Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.28.

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.