CENTRAL TRUST Co Sells 9,021 Shares of Exxon Mobil Corporation $XOM

CENTRAL TRUST Co decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,889 shares of the oil and gas company’s stock after selling 9,021 shares during the period. CENTRAL TRUST Co’s holdings in Exxon Mobil were worth $32,975,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Eagle Capital Management LLC grew its holdings in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the period. Brucke Financial Inc. boosted its position in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares in the last quarter. BankPlus Trust Department grew its stake in shares of Exxon Mobil by 7.1% in the 1st quarter. BankPlus Trust Department now owns 22,740 shares of the oil and gas company’s stock valued at $2,704,000 after buying an additional 1,510 shares during the period. Platform Technology Partners grew its stake in shares of Exxon Mobil by 5.9% in the 1st quarter. Platform Technology Partners now owns 15,221 shares of the oil and gas company’s stock valued at $1,810,000 after buying an additional 848 shares during the period. Finally, FDx Advisors Inc. increased its position in Exxon Mobil by 17.0% in the 1st quarter. FDx Advisors Inc. now owns 5,446 shares of the oil and gas company’s stock valued at $648,000 after buying an additional 791 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated 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 sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group increased their price target on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Bank of America upped their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Piper Sandler increased their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Finally, Mizuho lowered their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.67.

Exxon Mobil Stock Up 0.8%

Shares of NYSE:XOM opened at $118.20 on Tuesday. The business’s 50 day moving average is $113.53 and its 200 day moving average is $110.37. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a market cap of $498.47 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued 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 for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is 59.88%.

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.