First Western Trust Bank decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,714 shares of the oil and gas company’s stock after selling 336 shares during the period. First Western Trust Bank’s holdings in Exxon Mobil were worth $2,007,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. KB Financial Partners LLC bought a new position in Exxon Mobil during the 1st quarter worth $27,000. Financial Connections Group Inc. increased its position in shares of Exxon Mobil by 105.4% in the second quarter. Financial Connections Group Inc. now owns 306 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 157 shares during the period. Trivant Custom Portfolio Group LLC bought a new position in shares of Exxon Mobil in the first quarter worth $38,000. Country Trust Bank increased its position in shares of Exxon Mobil by 64.1% in the second quarter. Country Trust Bank now owns 384 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 150 shares during the period. Finally, FWL Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $43,000. Institutional investors own 58.53% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently commented on XOM. Mizuho decreased their price target on Exxon Mobil from $139.00 to $133.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Morgan Stanley raised their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Wells Fargo & Company raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. UBS Group reduced their price objective on Exxon Mobil from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Thursday, October 12th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.25.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now owns 27,772 shares in the company, valued at $3,193,780. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey W. Ubben acquired 250,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of $105.97 per share, with a total value of $26,492,500.00. Following the acquisition, the director now owns 2,077,000 shares of the company’s stock, valued at $220,099,690. The disclosure for this purchase can be found here. Insiders own 0.06% of the company’s stock.
Exxon Mobil Trading Down 0.2 %
Exxon Mobil stock traded down $0.25 during mid-day trading on Monday, hitting $104.71. 7,314,510 shares of the stock were exchanged, compared to its average volume of 16,899,125. The company has a quick ratio of 1.08, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $98.02 and a 12 month high of $120.70. The firm’s fifty day simple moving average is $110.60 and its two-hundred day simple moving average is $108.06. The stock has a market capitalization of $414.96 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 3.72 and a beta of 1.07.
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.09). Exxon Mobil had a net margin of 11.56% and a return on equity of 20.72%. The business had revenue of $90.76 billion during the quarter, compared to analyst estimates of $93.41 billion. During the same period last year, the firm posted $4.45 earnings per share. Exxon Mobil’s quarterly revenue was down 19.0% compared to the same quarter last year. Analysts forecast that Exxon Mobil Co. will post 9.3 EPS for the current year.
Exxon Mobil Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.91. This represents a $3.80 annualized dividend and a yield of 3.63%. Exxon Mobil’s payout ratio is 37.74%.
Exxon Mobil Company 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.
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