Exxon Mobil Co. (NYSE:XOM) Shares Sold by CENTRAL TRUST Co

Posted by Defense World Staff on Jul 5th, 2023

CENTRAL TRUST Co lowered its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 272,811 shares of the oil and gas company’s stock after selling 5,431 shares during the period. Exxon Mobil makes up about 0.9% of CENTRAL TRUST Co’s investment portfolio, making the stock its 29th largest holding. CENTRAL TRUST Co’s holdings in Exxon Mobil were worth $29,916,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Dark Forest Capital Management LP bought a new position in shares of Exxon Mobil in the fourth quarter valued at $27,000. Corrado Advisors LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $28,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Exxon Mobil during the 4th quarter valued at $36,000. Align Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $38,000. Finally, Financial Connections Group Inc. raised its stake in Exxon Mobil by 1,207.1% during the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 338 shares during the period. Institutional investors own 58.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XOM. Truist Financial boosted their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Mizuho lowered their price target on shares of Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. The Goldman Sachs Group cut shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, May 1st. Royal Bank of Canada cut shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price target on the stock. in a report on Thursday, June 1st. Finally, Morgan Stanley boosted their price target on shares of Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $124.70.

Exxon Mobil Stock Up 0.2 %

XOM stock opened at $107.46 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. Exxon Mobil Co. has a 52-week low of $80.69 and a 52-week high of $119.92. The company has a 50-day moving average of $106.71 and a two-hundred day moving average of $109.71. The stock has a market capitalization of $434.46 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Free Report) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. During the same period in the prior year, the company earned $2.07 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.46 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 24.64%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by company insiders.

About Exxon Mobil

(Free Report)

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.