First International Bank & Trust Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

First International Bank & Trust lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 19.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,270 shares of the oil and gas company’s stock after selling 1,002 shares during the period. First International Bank & Trust’s holdings in Exxon Mobil were worth $459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the second quarter worth $39,000. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth $51,000. Finally, Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the 3rd quarter worth $54,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $106.83 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company’s fifty day moving average price is $113.66 and its 200 day moving average price is $115.69. The company has a market capitalization of $469.53 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $2.27 EPS. On average, research analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. BMO Capital Markets upped their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Piper Sandler dropped their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $128.74.

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.