Sentinel Trust Co. LBA Acquires 178 Shares of Exxon Mobil Corporation $XOM

Sentinel Trust Co. LBA boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,339 shares of the oil and gas company’s stock after acquiring an additional 178 shares during the quarter. Exxon Mobil accounts for about 0.7% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 25th largest position. Sentinel Trust Co. LBA’s holdings in Exxon Mobil were worth $6,612,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $2,730,414,000. GQG Partners LLC increased its stake in Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Exxon Mobil during the second quarter valued at about $607,621,000. Ameriprise Financial Inc. lifted its stake in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Exxon Mobil by 72.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after purchasing an additional 2,332,293 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.5%

Shares of XOM opened at $115.39 on Monday. The stock has a market capitalization of $491.94 billion, a P/E ratio of 16.39, a PEG ratio of 2.05 and a beta of 0.51. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $112.58 and a two-hundred day simple moving average of $109.56.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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 was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 7th. Finally, Bank of America upped their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.58.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.