Farmers Trust Co. Sells 2,060 Shares of Exxon Mobil Co. (NYSE:XOM)

Farmers Trust Co. cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,375 shares of the oil and gas company’s stock after selling 2,060 shares during the quarter. Farmers Trust Co.’s holdings in Exxon Mobil were worth $3,647,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $50,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $80,000. Neo Ivy Capital Management acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $80,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $91,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XOM shares. UBS Group raised their price objective on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Mizuho raised their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Scotiabank lifted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $133.71.

Insider Activity

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

Exxon Mobil Trading Up 2.2 %

Shares of XOM opened at $111.75 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The business’s fifty day moving average is $115.89 and its 200-day moving average is $108.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market cap of $440.63 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 3.90 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the previous year, the business posted $2.83 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.40%. Exxon Mobil’s payout ratio is 46.57%.

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.