Private Trust Co. NA Has $5.75 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by on Mar 27th, 2023

Private Trust Co. NA lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,133 shares of the oil and gas company’s stock after selling 389 shares during the quarter. Exxon Mobil accounts for approximately 0.9% of Private Trust Co. NA’s holdings, making the stock its 19th largest holding. Private Trust Co. NA’s holdings in Exxon Mobil were worth $5,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. My Personal CFO LLC grew its holdings in Exxon Mobil by 15,000.0% during the fourth quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock worth $262,000 after purchasing an additional 300 shares during the period. Karp Capital Management Corp bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC raised its stake in Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 272 shares in the last quarter. Align Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $38,000. Finally, Horizons Wealth Management acquired a new position in Exxon Mobil during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $103.53 on Monday. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63. The business has a 50-day simple moving average of $111.04 and a 200 day simple moving average of $106.91. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The stock has a market cap of $421.47 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.45 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. Exxon Mobil’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio is 27.45%.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating for the company. Piper Sandler lowered their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Argus upped their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Finally, Truist Financial boosted their price objective on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the transaction, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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