Trust Point Inc. Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Trust Point Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,492 shares of the oil and gas company’s stock after purchasing an additional 2,535 shares during the period. Exxon Mobil makes up about 0.6% of Trust Point Inc.’s investment portfolio, making the stock its 24th largest position. Trust Point Inc.’s holdings in Exxon Mobil were worth $8,013,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. raised its position in shares of Exxon Mobil by 10.7% in the 3rd 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 purchasing an additional 4,578 shares in the last quarter. Helen Stephens Group LLC increased its stake in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after buying an additional 2,825 shares during the last quarter. Brooklyn Investment Group raised its holdings in Exxon Mobil by 36.8% in the third 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 in the last quarter. Parthenon LLC boosted its stake in Exxon Mobil by 2.4% during the 3rd quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after acquiring an additional 4,445 shares during the last quarter. Finally, Hilltop Holdings Inc. grew its holdings in Exxon Mobil by 41.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock worth $8,942,000 after acquiring an additional 22,296 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $108.33 on Friday. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The stock’s fifty day moving average is $109.78 and its 200-day moving average is $115.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $476.11 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. TD Cowen reduced their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday. Morgan Stanley upped their price target on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.