Exxon Mobil Corporation (XOM) Stake Lowered by CENTRAL TRUST Co

CENTRAL TRUST Co lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 364,689 shares of the oil and gas company’s stock after selling 6,852 shares during the quarter. Exxon Mobil Corporation comprises approximately 1.9% of CENTRAL TRUST Co’s portfolio, making the stock its 3rd largest position. CENTRAL TRUST Co’s holdings in Exxon Mobil Corporation were worth $29,442,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC raised its position in shares of Exxon Mobil Corporation by 10.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 118,023 shares of the oil and gas company’s stock valued at $9,528,000 after buying an additional 11,505 shares during the period. Denali Advisors LLC raised its position in shares of Exxon Mobil Corporation by 1.1% during the 2nd quarter. Denali Advisors LLC now owns 53,266 shares of the oil and gas company’s stock valued at $4,300,000 after buying an additional 600 shares during the period. Portfolio Solutions LLC raised its position in shares of Exxon Mobil Corporation by 1,223.6% during the 2nd quarter. Portfolio Solutions LLC now owns 3,309 shares of the oil and gas company’s stock valued at $267,000 after buying an additional 3,059 shares during the period. Abner Herrman & Brock LLC raised its position in shares of Exxon Mobil Corporation by 0.4% during the 2nd quarter. Abner Herrman & Brock LLC now owns 81,075 shares of the oil and gas company’s stock valued at $6,545,000 after buying an additional 288 shares during the period. Finally, Ledyard National Bank raised its position in shares of Exxon Mobil Corporation by 3.0% during the 2nd quarter. Ledyard National Bank now owns 166,110 shares of the oil and gas company’s stock valued at $13,410,000 after buying an additional 4,859 shares during the period. 50.73% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Corporation (NYSE:XOM) traded up 0.46% during midday trading on Monday, hitting $82.79. 2,387,907 shares of the stock traded hands. The company has a market cap of $350.79 billion, a PE ratio of 29.84 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 company’s 50-day moving average is $80.09 and its 200-day moving average is $80.75.

Exxon Mobil Corporation (NYSE:XOM) last released 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). The firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. Exxon Mobil Corporation’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. Equities research analysts expect that Exxon Mobil Corporation will post $3.44 EPS for the current fiscal year.

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Several analysts have recently commented on XOM shares. Cowen and Company reaffirmed a “buy” rating and set a $100.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday, September 19th. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price target on the stock. in a research report on Tuesday, July 4th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Morgan Stanley set a $81.00 price target on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada lowered shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $96.00 to $95.00 in a research report on Thursday, July 6th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $84.94.

In related news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company 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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Institutional Ownership by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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