CENTRAL TRUST Co Has $35.78 Million Stock Holdings in ExxonMobil Corporation $XOM

CENTRAL TRUST Co trimmed its position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 297,291 shares of the oil and gas company’s stock after selling 8,995 shares during the period. CENTRAL TRUST Co’s holdings in ExxonMobil were worth $35,776,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XOM. Franklin Resources Inc. boosted its stake in shares of ExxonMobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in ExxonMobil by 218.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after acquiring an additional 2,546,791 shares during the last quarter. AQR Capital Management LLC boosted its holdings in ExxonMobil by 105.4% in the third quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock valued at $329,797,000 after acquiring an additional 1,501,235 shares during the last quarter. Bessemer Group Inc. boosted its holdings in ExxonMobil by 119.4% in the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock valued at $301,310,000 after acquiring an additional 1,454,308 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in ExxonMobil by 4.5% in the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company’s stock valued at $2,299,687,000 after acquiring an additional 886,087 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on XOM shares. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Jefferies Financial Group upped their target price on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Barclays upped their target price on ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Citigroup upped their target price on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Finally, Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.70.

View Our Latest Research Report on XOM

Trending Headlines about ExxonMobil

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Insider Buying and Selling

In related news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. This represents a 5.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 6,460 shares of company stock valued at $989,104. Corporate insiders own 0.03% of the company’s stock.

ExxonMobil Trading Up 0.7%

NYSE XOM opened at $153.80 on Tuesday. The business has a 50 day moving average price of $154.98 and a 200-day moving average price of $135.25. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The company has a market cap of $639.29 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 0.69 and a beta of 0.19. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 EPS. As a group, equities analysts expect that ExxonMobil Corporation will post 11.18 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 61.58%.

ExxonMobil Company Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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