Exxon Mobil Co. (NYSE:XOM) Stake Trimmed by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,220 shares of the oil and gas company's stock after selling 3,325 shares during the quarter. Exxon Mobil comprises 1.1% of First National Bank & Trust Co. of Newtown's investment portfolio, making the stock its 15th largest position. First National Bank & Trust Co. of Newtown's holdings in Exxon Mobil were worth $5,402,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rockline Wealth Management LLC lifted its stake in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after purchasing an additional 1,498 shares during the period. Global Wealth Management Investment Advisory Inc. raised its holdings in Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock valued at $5,532,000 after acquiring an additional 4,578 shares during the period. Helen Stephens Group LLC boosted its stake in Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after purchasing an additional 2,825 shares during the period. Brooklyn Investment Group increased its holdings in Exxon Mobil by 36.8% in the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company's stock valued at $2,945,000 after acquiring an additional 6,753 shares during the last quarter. Finally, Parthenon LLC increased its holdings in shares of Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company's stock worth $22,458,000 after purchasing an additional 4,445 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

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Exxon Mobil Stock Down 0.3 %

Shares of Exxon Mobil stock traded down $0.30 during trading on Wednesday, hitting $109.43. 10,437,505 shares of the stock were exchanged, compared to its average volume of 14,779,517. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 12-month low of $103.85 and a 12-month high of $126.34. The stock has a market cap of $474.84 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm's 50-day moving average price is $108.69 and its 200 day moving average price is $114.37.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company earned $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on XOM shares. UBS Group lowered their price target on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Piper Sandler reduced their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank decreased their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.

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.