Sanibel Captiva Trust Company Inc. Sells 3,381 Shares of Exxon Mobil Co. (NYSE:XOM)

Sanibel Captiva Trust Company Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,423 shares of the oil and gas company's stock after selling 3,381 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Exxon Mobil were worth $17,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter worth $46,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the 4th quarter worth about $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the third quarter valued at about $54,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.9 %

Exxon Mobil stock traded up $1.05 during mid-day trading on Monday, reaching $112.37. The stock had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. The firm has a market capitalization of $493.89 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock's 50-day simple moving average is $112.56 and its 200-day simple moving average is $115.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. Exxon Mobil's revenue was down .8% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.52%. 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 dividend payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. Finally, Bank of America began coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $128.84.

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.