First National Trust Co trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,045 shares of the oil and gas company’s stock after selling 1,262 shares during the quarter. First National Trust Co’s holdings in Exxon Mobil were worth $9,394,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Financial Bank Trust Division grew its stake in shares of Exxon Mobil by 0.4% in the second quarter. First Financial Bank Trust Division now owns 88,888 shares of the oil and gas company’s stock worth $6,811,000 after acquiring an additional 347 shares in the last quarter. Boltwood Capital Management grew its stake in shares of Exxon Mobil by 0.6% in the second quarter. Boltwood Capital Management now owns 37,719 shares of the oil and gas company’s stock worth $2,890,000 after acquiring an additional 241 shares in the last quarter. Thomasville National Bank grew its stake in shares of Exxon Mobil by 3.0% in the second quarter. Thomasville National Bank now owns 65,913 shares of the oil and gas company’s stock worth $5,051,000 after acquiring an additional 1,938 shares in the last quarter. LVM Capital Management Ltd. MI grew its stake in shares of Exxon Mobil by 0.9% in the second quarter. LVM Capital Management Ltd. MI now owns 141,104 shares of the oil and gas company’s stock worth $10,813,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Baystate Wealth Management LLC lifted its position in shares of Exxon Mobil by 2.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 15,706 shares of the oil and gas company’s stock worth $1,202,000 after purchasing an additional 332 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exxon Mobil stock traded up $0.83 on Thursday, reaching $72.32. 924,399 shares of the stock were exchanged, compared to its average volume of 10,689,442. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $83.75. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average price of $69.63 and a two-hundred day moving average price of $73.08. The firm has a market capitalization of $303.24 billion, a PE ratio of 14.67, a PEG ratio of 2.48 and a beta of 0.97.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The business had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. During the same period in the previous year, the business posted $0.82 earnings per share. The business’s revenue was down 15.1% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 2.61 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, November 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.81%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
XOM has been the subject of several recent analyst reports. Barclays initiated coverage on shares of Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price objective for the company. Morgan Stanley reduced their price target on shares of Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday. Royal Bank of Canada reissued a “neutral” rating and issued a $75.00 price target on shares of Exxon Mobil in a research report on Friday, November 1st. Independent Research set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price target for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.91.
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.
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