Exxon Mobil Corporation $XOM Position Lowered by Whittier Trust Co.

Whittier Trust Co. trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 6.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,379 shares of the oil and gas company’s stock after selling 10,559 shares during the period. Whittier Trust Co.’s holdings in Exxon Mobil were worth $17,711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gordian Advisors LLC bought a new position in Exxon Mobil during the third quarter worth $204,000. Cheviot Value Management LLC boosted its stake in Exxon Mobil by 3.0% in the third quarter. Cheviot Value Management LLC now owns 126,220 shares of the oil and gas company’s stock valued at $14,519,000 after acquiring an additional 3,664 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Exxon Mobil by 0.3% during the third quarter. CIBC Asset Management Inc now owns 881,332 shares of the oil and gas company’s stock valued at $99,370,000 after purchasing an additional 2,566 shares during the last quarter. TFR Capital LLC. raised its position in shares of Exxon Mobil by 8.1% during the 3rd quarter. TFR Capital LLC. now owns 14,030 shares of the oil and gas company’s stock worth $1,582,000 after purchasing an additional 1,049 shares during the period. Finally, FSB Premier Wealth Management Inc. lifted its holdings in shares of Exxon Mobil by 4.4% in the 3rd quarter. FSB Premier Wealth Management Inc. now owns 30,465 shares of the oil and gas company’s stock worth $3,435,000 after purchasing an additional 1,285 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $134.93 on Monday. The firm has a market capitalization of $569.03 billion, a PE ratio of 19.61, a P/E/G ratio of 8.62 and a beta of 0.37. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $120.74 and a 200 day moving average price of $115.29. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $135.98.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.16. The company had revenue of $83.33 billion during the quarter, compared to analyst estimates of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.92 EPS. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is 59.88%.

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup upped their price objective on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research report on Friday, January 9th. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Finally, Bank of America dropped their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.84.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.