Diversified Trust Co Sells 19,145 Shares of Exxon Mobil Co. (NYSE:XOM)
Diversified Trust Co trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 39.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,477 shares of the oil and gas company’s stock after selling 19,145 shares during the period. Diversified Trust Co’s holdings in Exxon Mobil were worth $2,081,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. TRUE Private Wealth Advisors raised its holdings in shares of Exxon Mobil by 3.4% in the third quarter. TRUE Private Wealth Advisors now owns 28,835 shares of the oil and gas company’s stock worth $2,036,000 after buying an additional 937 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Exxon Mobil by 2.2% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 28,988 shares of the oil and gas company’s stock worth $2,046,000 after buying an additional 615 shares during the period. Pacific Wealth Strategies Group Inc. raised its holdings in shares of Exxon Mobil by 16.7% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 20,921 shares of the oil and gas company’s stock worth $1,477,000 after buying an additional 2,999 shares during the period. Ullmann Financial Group Inc. raised its holdings in shares of Exxon Mobil by 6.1% in the third quarter. Ullmann Financial Group Inc. now owns 4,283 shares of the oil and gas company’s stock worth $302,000 after buying an additional 245 shares during the period. Finally, Cooper Financial Group raised its holdings in shares of Exxon Mobil by 9.0% in the third quarter. Cooper Financial Group now owns 16,961 shares of the oil and gas company’s stock worth $1,198,000 after buying an additional 1,400 shares during the period. 54.42% of the stock is owned by institutional investors and hedge funds.
In related news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is owned by insiders.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 3.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were paid a $0.87 dividend. The ex-dividend date was Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.17%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
Several research analysts have commented on XOM shares. Royal Bank of Canada restated a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a report on Friday, August 2nd. Morgan Stanley dropped their target price on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and dropped their target price for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Barclays assumed coverage on Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $80.52.
Exxon Mobil Company Profile
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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