Busey Trust CO raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 19.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 181,802 shares of the oil and gas company’s stock after buying an additional 29,303 shares during the period. Exxon Mobil Corporation comprises 1.8% of Busey Trust CO’s portfolio, making the stock its 15th largest position. Busey Trust CO’s holdings in Exxon Mobil Corporation were worth $14,910,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $101,000. Horan Securities Inc. acquired a new position in Exxon Mobil Corporation during the first quarter valued at approximately $102,000. Empirical Finance LLC acquired a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $172,000. Cordasco Financial Network boosted its position in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the period. Finally, Colorado Capital Management Inc. acquired a new position in Exxon Mobil Corporation during the first quarter valued at approximately $235,000. Institutional investors and hedge funds own 50.59% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.94% during mid-day trading on Friday, hitting $78.23. The stock had a trading volume of 8,852,377 shares. The stock has a market cap of $331.47 billion, a price-to-earnings ratio of 28.20 and a beta of 0.81. Exxon Mobil Corporation has a one year low of $78.20 and a one year high of $93.22. The firm has a 50 day moving average of $80.58 and a 200 day moving average of $81.80.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. On average, analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is 111.19%.
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XOM has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. Bank of America Corporation upgraded Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $95.00 to $100.00 in a research note on Thursday, May 11th. Scotiabank upgraded Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and upped their price objective for the company from $85.00 to $86.00 in a research note on Monday, June 5th. Vetr cut Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price objective on the stock. in a research note on Tuesday, June 6th. Finally, Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation has an average rating of “Hold” and an average target price of $84.98.
In other news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by company insiders.
Exxon Mobil Corporation Company Profile
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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