Sabal Trust CO lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,507 shares of the oil and gas company’s stock after acquiring an additional 9,882 shares during the quarter. Exxon Mobil Corporation makes up approximately 2.8% of Sabal Trust CO’s portfolio, making the stock its 8th biggest position. Sabal Trust CO’s holdings in Exxon Mobil Corporation were worth $26,763,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Exxon Mobil Corporation during the 4th quarter valued at $101,000. Horan Securities Inc. acquired a new position in Exxon Mobil Corporation during the 1st quarter worth about $102,000. Riggs Asset Managment Co. Inc. lifted its holdings in Exxon Mobil Corporation by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after buying an additional 292 shares during the period. Watermark Asset Management Inc. acquired a new position in Exxon Mobil Corporation during the 1st quarter worth about $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Exxon Mobil Corporation by 13.5% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares during the period. 50.82% of the stock is currently owned by institutional investors.
Several research analysts have commented on the company. UBS AG set a $75.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Thursday, June 8th. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price objective for the company. in a research report on Wednesday, August 9th. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, HSBC Holdings plc set a $81.50 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $84.44.
In related news, 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 sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by insiders.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.1888% on Wednesday, hitting $79.6501. 5,256,267 shares of the stock traded hands. The company has a market cap of $337.49 billion, a PE ratio of 28.7131 and a beta of 0.82. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The stock has a 50 day moving average of $78.40 and a 200 day moving average of $80.86.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share 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 analyst estimates of $61.35 billion. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors 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 dividend yield of 3.87%. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
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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