Trust Co. of Oklahoma Sells 1,903 Shares of Exxon Mobil Co. (NYSE:XOM)

Trust Co. of Oklahoma cut its stake in Exxon Mobil Co. (NYSE:XOM) by 6.2% in the first quarter, Holdings Channel reports. The institutional investor owned 28,564 shares of the oil and gas company’s stock after selling 1,903 shares during the period. Exxon Mobil makes up about 1.2% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 21st biggest holding. Trust Co. of Oklahoma’s holdings in Exxon Mobil were worth $3,320,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. TCP Asset Management LLC lifted its position in Exxon Mobil by 6.2% in the first quarter. TCP Asset Management LLC now owns 5,908 shares of the oil and gas company’s stock worth $687,000 after buying an additional 346 shares during the last quarter. IVC Wealth Advisors LLC lifted its position in Exxon Mobil by 8.7% in the first quarter. IVC Wealth Advisors LLC now owns 8,150 shares of the oil and gas company’s stock worth $947,000 after buying an additional 649 shares during the last quarter. E&G Advisors LP lifted its position in Exxon Mobil by 4.1% in the first quarter. E&G Advisors LP now owns 16,867 shares of the oil and gas company’s stock worth $1,961,000 after buying an additional 658 shares during the last quarter. BluePath Capital Management LLC increased its stake in Exxon Mobil by 10.3% in the first quarter. BluePath Capital Management LLC now owns 21,150 shares of the oil and gas company’s stock worth $2,458,000 after purchasing an additional 1,970 shares during the period. Finally, Redmont Wealth Advisors LLC purchased a new stake in Exxon Mobil in the first quarter worth $88,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $114.76 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock’s 50-day moving average is $114.88 and its 200 day moving average is $109.95. The company has a market cap of $452.50 billion, a P/E ratio of 14.06, a PEG ratio of 4.15 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the business earned $2.83 EPS. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 9.23 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. TD Cowen increased their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Wells Fargo & Company increased their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, Truist Financial reiterated a “hold” rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.