Members Trust Co Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Members Trust Co boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,697 shares of the oil and gas company’s stock after acquiring an additional 497 shares during the quarter. Members Trust Co’s holdings in Exxon Mobil were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Lisle Cummings Inc. increased its position in Exxon Mobil by 14.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 26,825 shares of the oil and gas company’s stock worth $3,144,000 after purchasing an additional 3,296 shares during the period. Penn Davis Mcfarland Inc. grew its holdings in Exxon Mobil by 9.2% during the third quarter. Penn Davis Mcfarland Inc. now owns 11,859 shares of the oil and gas company’s stock worth $1,390,000 after acquiring an additional 999 shares during the period. Violich Capital Management Inc. raised its position in Exxon Mobil by 5.4% in the third quarter. Violich Capital Management Inc. now owns 47,247 shares of the oil and gas company’s stock worth $5,538,000 after acquiring an additional 2,438 shares in the last quarter. Koss Olinger Consulting LLC lifted its holdings in Exxon Mobil by 12.1% in the third quarter. Koss Olinger Consulting LLC now owns 6,097 shares of the oil and gas company’s stock valued at $715,000 after acquiring an additional 656 shares during the period. Finally, Trilogy Capital Inc. boosted its position in shares of Exxon Mobil by 0.3% during the 3rd quarter. Trilogy Capital Inc. now owns 30,278 shares of the oil and gas company’s stock worth $3,549,000 after purchasing an additional 102 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. UBS Group dropped their price objective 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. Finally, Bernstein Bank boosted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Trading Up 1.7 %

Shares of XOM opened at $110.05 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $102.64 and a fifty-two week high of $126.34. The company has a market capitalization of $483.66 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The stock has a fifty day moving average of $108.68 and a two-hundred day moving average of $114.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company earned $2.48 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

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.