First American Trust FSB Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 8th, 2023

First American Trust FSB cut its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,604 shares of the oil and gas company’s stock after selling 1,083 shares during the quarter. First American Trust FSB’s holdings in Exxon Mobil were worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. My Personal CFO LLC boosted its stake in Exxon Mobil by 15,000.0% during the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 300 shares during the last quarter. Karp Capital Management Corp bought a new position in Exxon Mobil during the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC boosted its stake in Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 272 shares during the last quarter. Align Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at $38,000. Finally, Horizons Wealth Management bought a new position in shares of Exxon Mobil in the 2nd quarter worth about $41,000. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were 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 in the company, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Barclays raised their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. StockNews.com initiated coverage on shares of Exxon Mobil in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Finally, Argus raised their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Stock Down 1.7 %

Exxon Mobil stock opened at $115.05 on Friday. The stock has a market cap of $468.37 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.51 and a beta of 1.08. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $110.73 and its two-hundred day moving average price is $107.90. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data 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. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. During the same quarter last year, the firm posted $2.05 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 9.96 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.

Exxon Mobil 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.