First Citizens Bank & Trust Co. Sells 4,741 Shares of Exxon Mobil Co. (NYSE:XOM)

First Citizens Bank & Trust Co. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the third quarter, Holdings Channel reports. The fund owned 246,531 shares of the oil and gas company’s stock after selling 4,741 shares during the period. Exxon Mobil accounts for 0.4% of First Citizens Bank & Trust Co.’s investment portfolio, making the stock its 22nd biggest holding. First Citizens Bank & Trust Co.’s holdings in Exxon Mobil were worth $28,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of XOM. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC increased its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in Exxon Mobil during the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC boosted its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. UBS Group decreased their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Truist Financial lowered their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Stock Down 0.3 %

NYSE:XOM opened at $120.01 on Friday. The stock’s fifty day moving average price is $117.39 and its two-hundred day moving average price is $116.49. The company has a market cap of $473.20 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week 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 1.36.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.