Exxon Mobil Corporation (XOM) Shares Sold by American National Bank
American National Bank lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,600 shares of the oil and gas company’s stock after selling 1,785 shares during the quarter. Exxon Mobil Corporation comprises approximately 2.7% of American National Bank’s investment portfolio, making the stock its 4th largest holding. American National Bank’s holdings in Exxon Mobil Corporation were worth $8,444,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Philadelphia Trust Co. grew its position in Exxon Mobil Corporation by 3.7% in the 4th quarter. Philadelphia Trust Co. now owns 19,205 shares of the oil and gas company’s stock valued at $1,733,000 after purchasing an additional 680 shares during the period. Wsfs Capital Management LLC acquired a new stake in Exxon Mobil Corporation in the 4th quarter valued at $786,000. Macquarie Group Ltd. grew its position in Exxon Mobil Corporation by 63.1% in the 4th quarter. Macquarie Group Ltd. now owns 389,752 shares of the oil and gas company’s stock valued at $35,179,000 after purchasing an additional 150,728 shares during the period. Beacon Financial Group grew its position in Exxon Mobil Corporation by 0.8% in the 1st quarter. Beacon Financial Group now owns 62,532 shares of the oil and gas company’s stock valued at $5,233,000 after purchasing an additional 497 shares during the period. Finally, Lau Associates LLC grew its position in Exxon Mobil Corporation by 15.6% in the 1st quarter. Lau Associates LLC now owns 33,699 shares of the oil and gas company’s stock valued at $2,764,000 after purchasing an additional 4,539 shares during the period. 50.82% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on XOM. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Tuesday, August 29th. Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target for the company. in a research report on Tuesday, June 6th. Hilliard Lyons began coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price target for the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a $80.00 price target (down previously from $81.00) on shares of Exxon Mobil Corporation in a research report on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price target on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Monday, August 21st. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $84.65.
In other news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.02% during midday trading on Friday, reaching $80.07. The company had a trading volume of 16,043,707 shares. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The company has a 50 day moving average of $78.36 and a 200 day moving average of $80.83. The firm has a market capitalization of $339.27 billion, a price-to-earnings ratio of 28.86 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. Analysts anticipate that Exxon Mobil Corporation will post $3.44 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were given a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.85%. Exxon Mobil Corporation’s payout ratio is 111.19%.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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