Bank of The West Has $4.23 Million Holdings in Exxon Mobil Corporation (XOM)
Bank of The West cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 24.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,438 shares of the oil and gas company’s stock after selling 17,238 shares during the period. Bank of The West’s holdings in Exxon Mobil Corporation were worth $4,234,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Lawson Kroeker Investment Management Inc. NE boosted its holdings in shares of Exxon Mobil Corporation by 15.1% in the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 58,349 shares of the oil and gas company’s stock valued at $4,785,000 after acquiring an additional 7,634 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of Exxon Mobil Corporation by 70.6% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 46,178 shares of the oil and gas company’s stock worth $3,787,000 after acquiring an additional 19,105 shares during the period. Forte Capital LLC ADV increased its stake in shares of Exxon Mobil Corporation by 29.3% during the first quarter. Forte Capital LLC ADV now owns 25,508 shares of the oil and gas company’s stock worth $2,092,000 after acquiring an additional 5,777 shares during the period. Chesley Taft & Associates LLC raised its holdings in Exxon Mobil Corporation by 3.2% during the first quarter. Chesley Taft & Associates LLC now owns 286,646 shares of the oil and gas company’s stock worth $23,508,000 after purchasing an additional 8,937 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its holdings in Exxon Mobil Corporation by 2.1% during the first quarter. Gulf International Bank UK Ltd now owns 1,295,105 shares of the oil and gas company’s stock worth $106,211,000 after purchasing an additional 26,500 shares in the last quarter. 50.74% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on XOM shares. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price on the stock in a research report on Tuesday, August 29th. Wolfe Research downgraded Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Zacks Investment Research cut Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 14th. BMO Capital Markets raised their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, June 21st. Finally, Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $84.67.
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Exxon Mobil Corporation (NYSE:XOM) traded down 0.41% during trading on Monday, reaching $81.64. The company had a trading volume of 3,147,159 shares. The stock has a market cap of $345.92 billion, a PE ratio of 29.43 and a beta of 0.82. The company has a 50-day moving average price of $78.37 and a 200 day moving average price of $80.77. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.
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 Zacks’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same period last year, the firm posted $0.41 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.
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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