First International Bank & Trust Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

First International Bank & Trust lowered its position in Exxon Mobil Co. (NYSE:XOM) by 19.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,270 shares of the oil and gas company’s stock after selling 1,002 shares during the period. First International Bank & Trust’s holdings in Exxon Mobil were worth $459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after acquiring an additional 395,218 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Legal & General Group Plc lifted its position in Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after buying an additional 5,235,607 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after buying an additional 4,415,012 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Truist Financial cut their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Finally, Morgan Stanley decreased their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Stock Performance

NYSE:XOM opened at $106.83 on Friday. The company has a market cap of $469.53 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a fifty day simple moving average of $113.66 and a two-hundred day simple moving average of $115.69.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 EPS. Exxon Mobil’s revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.71%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

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.