Trust Co. of Toledo NA OH Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Trust Co. of Toledo NA OH increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,589 shares of the oil and gas company’s stock after purchasing an additional 2,870 shares during the quarter. Exxon Mobil makes up 1.0% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 20th biggest holding. Trust Co. of Toledo NA OH’s holdings in Exxon Mobil were worth $7,916,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its position in shares of Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 114 shares during the last quarter. Achmea Investment Management B.V. raised its position in shares of Exxon Mobil by 3.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 491,300 shares of the oil and gas company’s stock valued at $56,558,000 after buying an additional 18,243 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in Exxon Mobil by 1.0% in the second quarter. Johnson Investment Counsel Inc. now owns 212,417 shares of the oil and gas company’s stock worth $24,453,000 after acquiring an additional 2,054 shares in the last quarter. Bell Investment Advisors Inc increased its stake in Exxon Mobil by 3.0% during the second quarter. Bell Investment Advisors Inc now owns 4,079 shares of the oil and gas company’s stock worth $470,000 after acquiring an additional 120 shares during the last quarter. Finally, Eagle Strategies LLC lifted its stake in shares of Exxon Mobil by 103.3% in the 2nd quarter. Eagle Strategies LLC now owns 28,561 shares of the oil and gas company’s stock valued at $3,288,000 after purchasing an additional 14,509 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Finally, Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $1.76 during midday trading on Monday, reaching $108.30. The company had a trading volume of 3,749,351 shares, compared to its average volume of 13,655,351. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a market cap of $475.99 billion, a P/E ratio of 13.49, a P/E/G ratio of 4.65 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $113.49 and its 200 day simple moving average is $115.65.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the business posted $2.27 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.