6,662 ExxonMobil Corporation $XOM Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co trimmed its position in shares of ExxonMobil Corporation (NYSE:XOM) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,200 shares of the oil and gas company’s stock after selling 6,662 shares during the period. ExxonMobil makes up approximately 0.8% of CENTRAL TRUST Co’s holdings, making the stock its 29th biggest holding. CENTRAL TRUST Co’s holdings in ExxonMobil were worth $45,277,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of XOM. NBT Bank N.A. purchased a new position in shares of ExxonMobil in the third quarter valued at $26,000. Aventus Investment Advisors Inc. purchased a new stake in ExxonMobil during the second quarter valued at $27,000. Atlantic Private Wealth LLC raised its stake in ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 202 shares in the last quarter. Pioneer Family Office LLC bought a new position in ExxonMobil during the third quarter valued at $42,000. Finally, Financial Connections Group Inc. bought a new position in ExxonMobil during the first quarter valued at $53,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

NYSE:XOM opened at $166.54 on Thursday. The stock’s fifty day moving average is $169.10 and its 200 day moving average is $155.88. ExxonMobil Corporation has a fifty-two week low of $114.19 and a fifty-two week high of $188.50. The firm has a market capitalization of $679.37 billion, a PE ratio of 17.12, a PEG ratio of 0.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $4.12 by $0.11. The company had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period in the previous year, the firm earned $1.88 earnings per share. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a $1.07 dividend. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s payout ratio is currently 42.34%.

Top ExxonMobil Stories

Investors following XOM have been watching these stories:

• Positive Sentiment: A valuation analysis argues ExxonMobil may be about 24% undervalued, pointing to its cash-generation potential and diversified project portfolio. That is an analyst’s assessment, not a company forecast, and the article notes softer oil prices as a consideration. Article: ExxonMobil Stock May Be 24% Undervalued
• Neutral Sentiment: Exxon has launched a legal challenge to EU carbon-capture rules, seeking to suspend timing requirements. The outcome could affect compliance costs and project schedules, but the report does not establish whether the challenge will succeed. Article: ExxonMobil challenges EU carbon capture rules
• Neutral Sentiment: The CEO’s unexpected absence from global climate talks prompted questions about Exxon’s energy priorities, but no specific operational or financial change was reported. Article: Exxon’s CEO walked away from global climate talks

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. Morgan Stanley lifted their price objective on shares of ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Citigroup upped their target price on shares of ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. UBS Group increased their price target on shares of ExxonMobil from $199.00 to $213.00 and gave the company a “buy” rating in a report on Monday, November 2nd. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. lifted their price target on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.38.

About ExxonMobil

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products. The company’s products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.