Exxon Mobil Co. (XOM) Shares Bought by Community Bank N.A.

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Community Bank N.A. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,943 shares of the oil and gas company’s stock after purchasing an additional 740 shares during the quarter. Exxon Mobil makes up 1.9% of Community Bank N.A.’s holdings, making the stock its 9th biggest position. Community Bank N.A.’s holdings in Exxon Mobil were worth $10,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Macroview Investment Management LLC acquired a new position in Exxon Mobil in the 1st quarter valued at about $102,000. Corbyn Investment Management Inc. MD purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $110,000. KHP Capital LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $111,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $122,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $149,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

NYSE:XOM traded down $0.22 during trading hours on Friday, reaching $81.38. 14,886,661 shares of the company’s stock were exchanged, compared to its average volume of 12,991,509. The stock has a market cap of $360.27 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). The business had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 4.6 EPS for the current fiscal year.

XOM has been the topic of a number of research analyst reports. HSBC reissued a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil in a research note on Wednesday, September 12th. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. BNP Paribas set a $85.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, August 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $93.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 11th. Finally, Barclays reissued a “sell” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 11th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $87.08.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the transaction, the vice president now owns 214,774 shares in the company, valued at approximately $18,045,311.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is currently owned by corporate insiders.

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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