Trust Co. of Virginia VA lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 224,828 shares of the oil and gas company’s stock after selling 20,382 shares during the quarter. Exxon Mobil accounts for about 1.4% of Trust Co. of Virginia VA’s investment portfolio, making the stock its 24th largest holding. Trust Co. of Virginia VA’s holdings in Exxon Mobil were worth $10,055,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Deltec Asset Management LLC acquired a new stake in Exxon Mobil in the second quarter valued at approximately $208,000. Zweig DiMenna Associates LLC grew its position in Exxon Mobil by 30.7% in the second quarter. Zweig DiMenna Associates LLC now owns 641,440 shares of the oil and gas company’s stock valued at $28,685,000 after acquiring an additional 150,663 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Exxon Mobil in the second quarter valued at approximately $15,908,000. Horst & Graben Wealth Management LLC grew its position in Exxon Mobil by 83.9% in the second quarter. Horst & Graben Wealth Management LLC now owns 12,609 shares of the oil and gas company’s stock valued at $564,000 after acquiring an additional 5,753 shares in the last quarter. Finally, Tranquility Partners LLC acquired a new stake in Exxon Mobil in the second quarter valued at approximately $206,000. 52.16% of the stock is owned by hedge funds and other institutional investors.
Shares of XOM opened at $42.08 on Friday. The business’s fifty day moving average price is $44.44 and its 200 day moving average price is $48.35. Exxon Mobil Co. has a 12-month low of $30.11 and a 12-month high of $75.66. The stock has a market capitalization of $177.04 billion, a PE ratio of 15.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The firm had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $38.16 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was down 52.8% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post -0.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date is Wednesday, August 12th. Exxon Mobil’s payout ratio is 154.67%.
XOM has been the subject of several recent research reports. Cowen reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Exxon Mobil in a research report on Thursday, July 2nd. Mizuho lowered their price objective on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 13th. Credit Suisse Group raised their price target on shares of Exxon Mobil from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Piper Sandler raised their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Five equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $53.17.
About Exxon Mobil
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.
Read More: Tariff
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.