Capital City Trust Co. FL reduced its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 43,229 shares of the oil and gas company’s stock after selling 957 shares during the period. Exxon Mobil Corporation comprises approximately 1.4% of Capital City Trust Co. FL’s investment portfolio, making the stock its 13th largest position. Capital City Trust Co. FL’s holdings in Exxon Mobil Corporation were worth $3,546,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Cordasco Financial Network boosted its position in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares during the period. Sterling Global Strategies LLC boosted its position in Exxon Mobil Corporation by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 5,225 shares of the oil and gas company’s stock worth $472,000 after buying an additional 19 shares during the period. LifePlan Financial Group Inc boosted its position in Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock worth $370,000 after buying an additional 24 shares during the period. Sunbelt Securities Inc. boosted its position in Exxon Mobil Corporation by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 11,713 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 38 shares during the period. Finally, Nadler Financial Group Inc. boosted its position in Exxon Mobil Corporation by 0.3% in the first quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock worth $1,301,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 50.95% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) opened at 82.10 on Wednesday. The company’s 50 day moving average price is $81.74 and its 200-day moving average price is $83.51. The firm has a market capitalization of $347.88 billion, a P/E ratio of 34.25 and a beta of 0.82. Exxon Mobil Corporation has a 12 month low of $79.26 and a 12 month high of $95.55.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, April 28th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. The business had revenue of $63.29 billion for the quarter, compared to analysts’ expectations of $64.88 billion. Exxon Mobil Corporation had a return on equity of 6.78% and a net margin of 4.17%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, equities analysts predict that Exxon Mobil Corporation will post $3.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 12th were given a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.75%. This is a boost from Exxon Mobil Corporation’s previous quarterly dividend of $0.75. Exxon Mobil Corporation’s payout ratio is currently 128.33%.
XOM has been the topic of a number of research analyst reports. Argus restated a “focus list” rating and issued a $104.00 price target (up from $91.00) on shares of Exxon Mobil Corporation in a report on Thursday, May 18th. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC restated a “neutral” rating and issued a $92.00 price target on shares of Exxon Mobil Corporation in a report on Tuesday. Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price target on the stock. in a report on Tuesday. Finally, Simmons upped their price objective on shares of Exxon Mobil Corporation from $76.00 to $81.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil Corporation currently has an average rating of “Hold” and a consensus price target of $89.54.