First American Trust FSB Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

First American Trust FSB lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,190 shares of the oil and gas company’s stock after acquiring an additional 566 shares during the period. First American Trust FSB’s holdings in Exxon Mobil were worth $1,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOM. Heritage Wealth Management Inc. CA boosted its stake in Exxon Mobil by 18.5% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 3,973 shares of the oil and gas company’s stock worth $427,000 after purchasing an additional 619 shares during the period. Zions Bancorporation N.A. raised its holdings in shares of Exxon Mobil by 155.7% in the fourth quarter. Zions Bancorporation N.A. now owns 48,804 shares of the oil and gas company’s stock valued at $5,250,000 after buying an additional 29,721 shares during the last quarter. Teachers Insurance & Annuity Association of America boosted its stake in shares of Exxon Mobil by 1,912.8% during the fourth quarter. Teachers Insurance & Annuity Association of America now owns 116,037 shares of the oil and gas company’s stock worth $12,482,000 after buying an additional 110,272 shares during the period. TIAA Trust National Association grew its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. TIAA Trust National Association now owns 525,961 shares of the oil and gas company’s stock worth $56,574,000 after buying an additional 5,646 shares during the last quarter. Finally, FineMark National Bank & Trust grew its holdings in shares of Exxon Mobil by 1.5% during the fourth quarter. FineMark National Bank & Trust now owns 166,732 shares of the oil and gas company’s stock worth $17,935,000 after buying an additional 2,521 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on XOM shares. Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays dropped their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Scotiabank reduced their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Up 0.3 %

Shares of NYSE XOM opened at $115.81 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm’s 50-day moving average is $110.22 and its two-hundred day moving average is $113.58. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The company has a market capitalization of $502.52 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the firm posted $2.48 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Exxon Mobil 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.