Trust Co. of Virginia VA Has $2.75 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Trust Co. of Virginia VA trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,623 shares of the oil and gas company’s stock after selling 735 shares during the quarter. Trust Co. of Virginia VA’s holdings in Exxon Mobil were worth $2,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Exxon Mobil by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares in the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil during the 4th quarter worth $5,519,753,000. Morgan Stanley grew its holdings in shares of Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after purchasing an additional 1,066,937 shares in the last quarter. Capital International Investors grew its holdings in shares of Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after purchasing an additional 4,084,458 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Exxon Mobil by 6.0% during the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after purchasing an additional 1,037,226 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other 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 transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $115.12 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $453.92 billion, a PE ratio of 14.11, a P/E/G ratio of 4.14 and a beta of 0.92. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a 50-day moving average price of $115.25 and a two-hundred day moving average price of $109.65.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.83 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XOM. TD Cowen increased their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. UBS Group increased their target price on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. 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 note on Tuesday, April 30th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $124.00 price objective (down 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.82.

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.