Exxon Mobil Co. (NYSE:XOM) Shares Bought by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH grew its stake in Exxon Mobil Co. (NYSE:XOM) by 4.1% during the 4th quarter, Holdings Channel reports. The firm owned 73,589 shares of the oil and gas company’s stock after purchasing an additional 2,870 shares during the quarter. Exxon Mobil makes up approximately 1.0% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 20th largest position. Trust Co. of Toledo NA OH’s holdings in Exxon Mobil were worth $7,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Eagle Capital Management LLC boosted its stake in shares of Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 114 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in Exxon Mobil by 3.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 491,300 shares of the oil and gas company’s stock worth $56,558,000 after purchasing an additional 18,243 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Exxon Mobil by 1.0% during the second quarter. Johnson Investment Counsel Inc. now owns 212,417 shares of the oil and gas company’s stock worth $24,453,000 after buying an additional 2,054 shares in the last quarter. Bell Investment Advisors Inc raised its position in shares of Exxon Mobil by 3.0% in the second quarter. Bell Investment Advisors Inc now owns 4,079 shares of the oil and gas company’s stock valued at $470,000 after buying an additional 120 shares during the last quarter. Finally, Eagle Strategies LLC lifted its stake in shares of Exxon Mobil by 103.3% in the second quarter. Eagle Strategies LLC now owns 28,561 shares of the oil and gas company’s stock worth $3,288,000 after buying an additional 14,509 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.7 %

Shares of Exxon Mobil stock traded up $1.76 on Monday, reaching $108.30. 3,749,351 shares of the company were exchanged, compared to its average volume of 13,655,351. The stock’s 50 day moving average price is $113.49 and its 200-day moving average price is $115.65. The company has a market cap of $475.99 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. 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 current ratio of 1.35 and a quick ratio of 1.01.

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

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday. Finally, Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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.