Coastline Trust Co trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,064 shares of the oil and gas company’s stock after selling 2,575 shares during the quarter. Coastline Trust Co’s holdings in Exxon Mobil were worth $2,323,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of XOM. Bright Rock Capital Management LLC raised its holdings in shares of Exxon Mobil by 14.4% during the 4th quarter. Bright Rock Capital Management LLC now owns 79,425 shares of the oil and gas company’s stock worth $5,416,000 after acquiring an additional 10,000 shares in the last quarter. First United Bank Trust raised its holdings in shares of Exxon Mobil by 2.1% during the 4th quarter. First United Bank Trust now owns 24,503 shares of the oil and gas company’s stock worth $1,671,000 after acquiring an additional 515 shares in the last quarter. Altfest L J & Co. Inc. raised its holdings in shares of Exxon Mobil by 0.5% during the 4th quarter. Altfest L J & Co. Inc. now owns 36,427 shares of the oil and gas company’s stock worth $2,484,000 after acquiring an additional 170 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $3,648,000. Finally, Chessman Wealth Strategies RIA raised its holdings in shares of Exxon Mobil by 7.2% during the 4th quarter. Chessman Wealth Strategies RIA now owns 5,210 shares of the oil and gas company’s stock worth $355,000 after acquiring an additional 352 shares in the last quarter. Institutional investors and hedge funds own 54.53% of the company’s stock.
XOM stock traded down $1.62 during midday trading on Wednesday, reaching $81.76. The company’s stock had a trading volume of 10,908,783 shares, compared to its average volume of 12,222,264. The company has a quick ratio of 0.51, a current ratio of 0.84 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36. The firm has a market cap of $353.32 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.34 and a beta of 0.92.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be paid a $0.87 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. This represents a $3.48 dividend on an annualized basis and a yield of 4.26%. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.53%.
XOM has been the topic of several recent research reports. Credit Suisse Group set a $79.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Tuesday, December 25th. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Sunday, January 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a report on Wednesday, January 9th. Berenberg Bank restated a “neutral” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, January 9th. Finally, Barclays restated a “sell” rating and set a $82.00 price target on shares of Exxon Mobil in a report on Thursday, January 10th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $84.71.
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Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
Further Reading: SEC Filing
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