Diversified Trust Co Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Diversified Trust Co lessened its position in Exxon Mobil Co. (NYSE:XOM) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,474 shares of the oil and gas company’s stock after selling 5,107 shares during the period. Diversified Trust Co’s holdings in Exxon Mobil were worth $9,947,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bangor Savings Bank grew its position in shares of Exxon Mobil by 74.1% in the fourth quarter. Bangor Savings Bank now owns 44,423 shares of the oil and gas company’s stock valued at $4,779,000 after purchasing an additional 18,900 shares during the period. Canandaigua National Trust Co of Florida grew its holdings in Exxon Mobil by 30.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 6,444 shares of the oil and gas company’s stock valued at $693,000 after buying an additional 1,499 shares during the period. Canandaigua National Bank & Trust Co. increased its stake in shares of Exxon Mobil by 1.7% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 220,576 shares of the oil and gas company’s stock valued at $23,727,000 after acquiring an additional 3,716 shares during the last quarter. Ables Iannone Moore & Associates Inc. lifted its holdings in shares of Exxon Mobil by 2.4% during the 4th quarter. Ables Iannone Moore & Associates Inc. now owns 8,235 shares of the oil and gas company’s stock worth $886,000 after acquiring an additional 196 shares during the period. Finally, Advance Capital Management Inc. boosted its position in shares of Exxon Mobil by 1.0% in the fourth quarter. Advance Capital Management Inc. now owns 11,615 shares of the oil and gas company’s stock worth $1,249,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on XOM. Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Morgan Stanley cut their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. UBS Group lowered their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Piper Sandler decreased their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Stock Up 1.4 %

XOM stock traded up $1.52 during midday trading on Tuesday, hitting $109.26. 3,608,737 shares of the company’s stock were exchanged, compared to its average volume of 11,467,068. The stock has a market capitalization of $480.21 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $114.23 and a 200-day moving average price of $115.83. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm 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 was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.62%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 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.