Exxon Mobil Co. (NYSE:XOM) Stock Position Decreased by Truist Financial Corp

Truist Financial Corp decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,212,933 shares of the oil and gas company’s stock after selling 12,312 shares during the quarter. Truist Financial Corp owned 0.05% of Exxon Mobil worth $238,045,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Eastern Bank lifted its stake in Exxon Mobil by 939.0% in the 3rd quarter. Eastern Bank now owns 702,501 shares of the oil and gas company’s stock worth $82,347,000 after acquiring an additional 634,888 shares in the last quarter. Leo Wealth LLC lifted its stake in Exxon Mobil by 3.8% in the 3rd quarter. Leo Wealth LLC now owns 40,275 shares of the oil and gas company’s stock worth $4,721,000 after acquiring an additional 1,463 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in Exxon Mobil by 1.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 50,503 shares of the oil and gas company’s stock worth $5,920,000 after acquiring an additional 609 shares in the last quarter. Symphony Financial Ltd. Co. lifted its stake in Exxon Mobil by 0.8% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 79,610 shares of the oil and gas company’s stock worth $9,231,000 after acquiring an additional 624 shares in the last quarter. Finally, Alexander Labrunerie & CO. Inc. lifted its stake in Exxon Mobil by 23.4% in the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 46,665 shares of the oil and gas company’s stock worth $5,470,000 after acquiring an additional 8,862 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $112.12 on Friday. The firm has a market capitalization of $492.78 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The stock’s 50 day moving average price is $108.60 and its two-hundred day moving average price is $114.52. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $102.88 and a 12-month 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business posted $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Morgan Stanley raised their price target on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Mizuho cut their price target 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.