Argent Trust Co Sells 1,259 Shares of Exxon Mobil Co. (NYSE:XOM)

Argent Trust Co lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,685 shares of the oil and gas company’s stock after selling 1,259 shares during the quarter. Exxon Mobil makes up approximately 1.1% of Argent Trust Co’s investment portfolio, making the stock its 18th largest position. Argent Trust Co’s holdings in Exxon Mobil were worth $25,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rockline Wealth Management LLC grew its holdings in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after purchasing an additional 1,498 shares during the last quarter. Renasant Bank lifted its stake in Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after buying an additional 493 shares during the period. Helen Stephens Group LLC grew its holdings in Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after purchasing an additional 2,825 shares during the period. Hartford Funds Management Co LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $543,000. Finally, Czech National Bank raised its holdings in Exxon Mobil by 5.3% during the fourth quarter. Czech National Bank now owns 952,944 shares of the oil and gas company’s stock worth $102,508,000 after buying an additional 47,893 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $3.57 during midday trading on Thursday, reaching $102.23. The stock had a trading volume of 1,155,215 shares, compared to its average volume of 15,866,004. 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 Co. has a 12-month low of $98.13 and a 12-month high of $126.34. The stock has a 50-day moving average of $110.61 and a 200-day moving average of $113.39. The company has a market capitalization of $443.59 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 in the previous year, the business posted $2.48 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on 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 transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on XOM. The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Piper Sandler decreased their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.20.

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.