Trust Co. of Toledo NA OH Purchases 1,448 Shares of Exxon Mobil Co. (NYSE:XOM)

Trust Co. of Toledo NA OH increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,037 shares of the oil and gas company’s stock after acquiring an additional 1,448 shares during the quarter. Exxon Mobil comprises about 1.2% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 17th largest position. Trust Co. of Toledo NA OH’s holdings in Exxon Mobil were worth $8,924,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fairvoy Private Wealth LLC raised its holdings in Exxon Mobil by 13.8% during the 1st quarter. Fairvoy Private Wealth LLC now owns 42,529 shares of the oil and gas company’s stock worth $5,058,000 after purchasing an additional 5,142 shares during the last quarter. Optas LLC raised its stake in shares of Exxon Mobil by 43.6% during the first quarter. Optas LLC now owns 4,335 shares of the oil and gas company’s stock worth $516,000 after buying an additional 1,316 shares during the last quarter. D Orazio & Associates Inc. raised its stake in shares of Exxon Mobil by 1.4% during the first quarter. D Orazio & Associates Inc. now owns 12,606 shares of the oil and gas company’s stock worth $1,499,000 after buying an additional 174 shares during the last quarter. Hengehold Capital Management LLC lifted its holdings in Exxon Mobil by 3.9% in the first quarter. Hengehold Capital Management LLC now owns 36,610 shares of the oil and gas company’s stock valued at $4,354,000 after buying an additional 1,388 shares during the period. Finally, Brighton Jones LLC boosted its stake in Exxon Mobil by 5.0% in the first quarter. Brighton Jones LLC now owns 136,290 shares of the oil and gas company’s stock valued at $16,209,000 after acquiring an additional 6,550 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $112.06 on Monday. The company has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. The business’s 50-day moving average price is $105.51 and its two-hundred day moving average price is $108.66. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm earned $2.06 EPS. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

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.