Fiduciary Trust Co Sells 6,841 Shares of Exxon Mobil Co. (NYSE:XOM)

Fiduciary Trust Co decreased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,659 shares of the oil and gas company's stock after selling 6,841 shares during the period. Exxon Mobil accounts for approximately 1.0% of Fiduciary Trust Co's holdings, making the stock its 16th largest position. Fiduciary Trust Co's holdings in Exxon Mobil were worth $71,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC grew its holdings 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 purchasing an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter worth approximately $39,000. POM Investment Strategies LLC raised its stake in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $46,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.31 during midday trading on Thursday, hitting $117.66. 11,068,147 shares of the company traded hands, compared to its average volume of 16,278,947. The firm's fifty day moving average price is $119.67 and its 200-day moving average price is $116.57. The stock has a market cap of $517.13 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 5.04 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The company's revenue was down .8% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen increased their price target on Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. Mizuho raised their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. 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 price target on the stock. Finally, Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.95.

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.