Exxon Mobil Co. (NYSE:XOM) is Davidson Trust Co.’s 6th Largest Position

Davidson Trust Co. cut its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,627 shares of the oil and gas company’s stock after selling 1,014 shares during the quarter. Exxon Mobil makes up 2.6% of Davidson Trust Co.’s investment portfolio, making the stock its 6th largest position. Davidson Trust Co.’s holdings in Exxon Mobil were worth $3,484,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil in the first quarter worth approximately $27,000. IMA Wealth Inc. raised its stake in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $43,000. Turim 21 Investimentos Ltda. grew its stake in shares of Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth $49,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, Director Jeffrey W. Ubben sold 2,077,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total value of $216,132,620.00. Following the sale, the director now directly owns 13,000 shares in the company, valued at approximately $1,352,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey W. Ubben sold 2,077,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total value of $216,132,620.00. Following the completion of the transaction, the director now owns 13,000 shares in the company, valued at approximately $1,352,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Leonard M. Fox sold 12,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the sale, the vice president now owns 220,678 shares in the company, valued at $22,652,596.70. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Sanford C. Bernstein started coverage on Exxon Mobil in a research report on Tuesday, October 17th. They set an “outperform” rating and a $140.00 price target for the company. JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.53.

Get Our Latest Stock Report on Exxon Mobil

Exxon Mobil Price Performance

Shares of XOM opened at $101.77 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a market cap of $403.31 billion, a P/E ratio of 11.45, a PEG ratio of 3.69 and a beta of 0.97. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70. The stock has a fifty day moving average price of $100.75 and a 200 day moving average price of $106.35.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.40 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 9.39 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.73%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Exxon Mobil Profile

(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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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