VNBTrust National Association Cuts Stake in Exxon Mobil Corp. (XOM)
VNBTrust National Association cut its position in Exxon Mobil Corp. (NYSE:XOM) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,508 shares of the company’s stock after selling 100 shares during the period. Exxon Mobil Corp. makes up about 2.1% of VNBTrust National Association’s investment portfolio, making the stock its 14th largest position. VNBTrust National Association’s holdings in Exxon Mobil Corp. were worth $3,710,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock valued at $25,715,387,000 after buying an additional 6,897,006 shares in the last quarter. BlackRock Fund Advisors raised its stake in Exxon Mobil Corp. by 4.2% in the second quarter. BlackRock Fund Advisors now owns 62,193,667 shares of the company’s stock valued at $5,830,034,000 after buying an additional 2,524,527 shares in the last quarter. BlackRock Group LTD raised its stake in Exxon Mobil Corp. by 0.5% in the second quarter. BlackRock Group LTD now owns 34,810,748 shares of the company’s stock valued at $3,263,159,000 after buying an additional 177,918 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Exxon Mobil Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 21,717,922 shares of the company’s stock valued at $2,036,082,000 after buying an additional 869,112 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Exxon Mobil Corp. by 1.8% in the second quarter. Legal & General Group Plc now owns 21,519,400 shares of the company’s stock valued at $2,016,466,000 after buying an additional 384,675 shares in the last quarter. Hedge funds and other institutional investors own 50.06% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 1.63% during mid-day trading on Wednesday, hitting $87.30. 22,671,077 shares of the stock traded hands. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The stock has a 50-day moving average of $86.00 and a 200 day moving average of $88.33. The stock has a market cap of $362.01 billion, a PE ratio of 40.87 and a beta of 0.86.
Exxon Mobil Corp. (NYSE:XOM) last posted its earnings results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The firm earned $58.68 billion during the quarter, compared to the consensus estimate of $61.34 billion. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The company’s revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. Equities analysts predict that Exxon Mobil Corp. will post $2.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.44%. The ex-dividend date is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is 140.19%.
WARNING: This news story was first reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/30/vnbtrust-national-association-cuts-stake-in-exxon-mobil-corp-xom.html.
Several analysts recently commented on XOM shares. Argus restated a “buy” rating and set a $104.00 price target on shares of Exxon Mobil Corp. in a research report on Wednesday, August 17th. reaffirmed a “buy” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 16th. Societe Generale set a $105.00 price objective on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 15th. Wells Fargo & Co. reaffirmed a “buy” rating and set a $98.00 price objective (down from $108.50) on shares of Exxon Mobil Corp. in a report on Tuesday, September 20th. Finally, Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective on the stock in a report on Tuesday, September 13th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $87.69.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total value of $1,392,000.00. Following the completion of the sale, the vice president now owns 222,299 shares of the company’s stock, valued at $19,340,013. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by company insiders.
About Exxon Mobil Corp.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
Receive News & Stock Ratings for Exxon Mobil Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corp. and related stocks with our FREE daily email newsletter.