Trust Co. of Toledo NA OH Boosts Position in Exxon Mobil Corporation $XOM

Trust Co. of Toledo NA OH raised its position in Exxon Mobil Corporation (NYSE:XOM) by 6.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 79,563 shares of the oil and gas company’s stock after purchasing an additional 4,526 shares during the period. Exxon Mobil comprises approximately 0.9% of Trust Co. of Toledo NA OH’s holdings, making the stock its 22nd largest position. Trust Co. of Toledo NA OH’s holdings in Exxon Mobil were worth $8,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the first quarter valued at approximately $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its holdings in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the period. Finally, 1248 Management LLC acquired a new position in shares of Exxon Mobil in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.2%

Exxon Mobil stock opened at $112.11 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market capitalization of $477.97 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $124.26. The stock’s fifty day moving average is $111.42 and its two-hundred day moving average is $109.32.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Morgan Stanley boosted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group boosted their target price on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Thursday. Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. Finally, TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.05.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

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.