First National Trust Co Sells 1,322 Shares of Exxon Mobil Co. (NYSE:XOM)

First National Trust Co cut its stake in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,999 shares of the oil and gas company’s stock after selling 1,322 shares during the period. Exxon Mobil comprises about 0.8% of First National Trust Co’s investment portfolio, making the stock its 27th largest position. First National Trust Co’s holdings in Exxon Mobil were worth $22,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in XOM. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $47,000. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Morgan Stanley increased their price target on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Trading Down 0.5 %

NYSE:XOM opened at $108.58 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $471.14 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The firm’s 50 day moving average is $109.26 and its 200 day moving average is $113.73. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 quarter in the previous year, the business earned $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 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.