Heritage Trust Co Takes Position in Exxon Mobil Co. (NYSE:XOM)

Heritage Trust Co purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,860 shares of the oil and gas company's stock, valued at approximately $7,192,000. Exxon Mobil makes up 0.8% of Heritage Trust Co's holdings, making the stock its 29th largest holding.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after buying an additional 1,104,617 shares during the period. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter worth approximately $6,936,737,000. Bank of New York Mellon Corp increased its position in Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. Franklin Resources Inc. raised its stake in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company's stock worth $3,427,237,000 after purchasing an additional 700,415 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

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Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's 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 transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. HSBC decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. UBS Group lowered their price objective on Exxon Mobil from $146.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Barclays reduced their target price on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Royal Bank of Canada restated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company 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 given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $126.95.

Exxon Mobil Stock Up 3.1 %

NYSE XOM traded up $3.12 during mid-day trading on Friday, hitting $103.05. The company's stock had a trading volume of 22,869,206 shares, compared to its average volume of 16,005,429. The firm has a market capitalization of $445.70 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61. The company's 50 day simple moving average is $110.33 and its 200 day simple moving average is $113.19. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter last year, the firm earned $2.48 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil's dividend payout ratio is presently 50.51%.

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.