Trustmark National Bank Trust Department Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Trustmark National Bank Trust Department lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,151 shares of the oil and gas company's stock after selling 4,164 shares during the period. Trustmark National Bank Trust Department's holdings in Exxon Mobil were worth $7,637,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. WFA Asset Management Corp grew its position in Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company's stock worth $312,000 after purchasing an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Exxon Mobil in the 1st quarter worth $933,000. Capital Group Private Client Services Inc. grew its stake in Exxon Mobil by 829.7% during the 1st quarter. Capital Group Private Client Services Inc. now owns 124,897 shares of the oil and gas company's stock valued at $14,518,000 after purchasing an additional 111,463 shares during the last quarter. Capital International Inc. CA lifted its holdings in shares of Exxon Mobil by 76.2% during the first quarter. Capital International Inc. CA now owns 156,169 shares of the oil and gas company's stock worth $18,153,000 after purchasing an additional 67,531 shares during the period. Finally, Capital International Sarl purchased a new stake in Exxon Mobil in the first quarter valued at approximately $358,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.4 %

Shares of XOM stock opened at $120.35 on Thursday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week 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. The stock's fifty day moving average is $118.96 and its two-hundred day moving average is $116.47. The firm has a market capitalization of $528.95 billion, a P/E ratio of 14.99, a PEG ratio of 4.97 and a beta of 0.90.

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 for the quarter, topping 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 firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the firm posted $2.27 earnings per share. The company's revenue for the quarter was down .8% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. Exxon Mobil's dividend payout ratio is 49.32%.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective for the company. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Finally, 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 note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $130.21.

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.

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