First National Trust Co Sells 3,388 Shares of Exxon Mobil Corporation $XOM

First National Trust Co trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,340 shares of the oil and gas company’s stock after selling 3,388 shares during the period. Exxon Mobil accounts for approximately 0.8% of First National Trust Co’s holdings, making the stock its 25th largest position. First National Trust Co’s holdings in Exxon Mobil were worth $21,812,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the 1st quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd grew its position in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil in the 2nd quarter worth $38,000. 61.80% of the stock is owned by institutional investors.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’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 owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on XOM shares. Melius started 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 on the stock. Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price target on the stock. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research note on Tuesday, October 7th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Trading Down 0.8%

Shares of Exxon Mobil stock opened at $115.07 on Wednesday. The stock has a market capitalization of $490.56 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $112.92 and a 200 day simple moving average of $109.74. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) 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%. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Exxon Mobil Company 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.