Exxon Mobil Corporation $XOM Stock Holdings Reduced by Davidson Trust Co.

Davidson Trust Co. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.5% during the second quarter, Holdings Channel reports. The institutional investor owned 37,039 shares of the oil and gas company’s stock after selling 3,452 shares during the period. Exxon Mobil comprises about 1.8% of Davidson Trust Co.’s portfolio, making the stock its 10th biggest position. Davidson Trust Co.’s holdings in Exxon Mobil were worth $3,993,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp boosted its holdings in Exxon Mobil by 5.0% during the second quarter. J.Safra Asset Management Corp now owns 6,796 shares of the oil and gas company’s stock worth $743,000 after buying an additional 324 shares in the last quarter. Sagespring Wealth Partners LLC boosted its holdings in Exxon Mobil by 6.2% during the second quarter. Sagespring Wealth Partners LLC now owns 59,830 shares of the oil and gas company’s stock worth $6,450,000 after buying an additional 3,482 shares in the last quarter. TD Asset Management Inc boosted its holdings in Exxon Mobil by 0.4% during the second quarter. TD Asset Management Inc now owns 4,260,505 shares of the oil and gas company’s stock worth $459,282,000 after buying an additional 18,925 shares in the last quarter. IFC Advisors LLC boosted its holdings in Exxon Mobil by 125.8% during the second quarter. IFC Advisors LLC now owns 31,422 shares of the oil and gas company’s stock worth $3,387,000 after buying an additional 17,506 shares in the last quarter. Finally, Morningstar Investment Management LLC boosted its holdings in Exxon Mobil by 19.8% during the second quarter. Morningstar Investment Management LLC now owns 33,702 shares of the oil and gas company’s stock worth $3,633,000 after buying an additional 5,579 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.20 on Friday. The firm has a 50 day simple moving average of $111.83 and a 200-day simple moving average of $109.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market cap of $478.35 billion, a PE ratio of 15.94, a P/E/G ratio of 1.99 and a beta of 0.51. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XOM. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

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.