Diversified Trust Co decreased its position in shares of Exxon Mobil Co. (NYSE: XOM – Get Rating) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,267 shares of the oil and gas company stock after selling 7,926 shares during the period. Diversified Trust Co’s holdings in Exxon Mobil were worth $ 8,529,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of XOM. Keudell Morrison Wealth Management grew its holdings in Exxon Mobil by 1.4% during the 3rd quarter. Keudell Morrison Wealth Management now owns 41,652 shares of oil and gas company stock worth $ 2,450,000 after acquiring an additional 592 shares during the last quarter. Center for Financial Planning Inc. lifted its position in shares of Exxon Mobil by 1.5% during the third quarter. Center for Financial Planning Inc. now owns 12,384 shares of the oil and gas company stock worth $ 728,000 after purchasing an additional 180 shares in the last quarter. New World Advisors LLC grew its stake in shares of Exxon Mobil by 4.8% during the third quarter. New World Advisors LLC now owns 10,222 shares of the oil and gas company stock valued at $ 645,000 after purchasing an additional 468 shares during the last quarter. Twinbeech Capital LP acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $ 1,881,000. Finally, Thrivent Financial for Lutherans raised its position in Exxon Mobil by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 820,688 shares of the oil and gas company stock worth $ 48,762,000 after purchasing an additional 8,109 shares during the last quarter. Institutional investors own 54.07% of the company stock.
In other news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $ 102.81, for a total value of $ 220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company stock, valued at approximately $ 3,121,620.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $ 96.65, for a total transaction of $ 241,625.00. Following the transaction, the vice president now owns 32,510 shares in the company, valued at $ 3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.
Several research firms have recently commented on XOM. Cowen lifted their target price on Exxon Mobil from $ 77.00 to $ 90.00 in a research note on Monday, May 2nd. Credit Suisse Group boosted their price target on Exxon Mobil from $ 102.00 to $ 115.00 and gave the stock a “neutral” rating in a report on Tuesday, June 7th. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $ 93.00 to $ 107.00 and gave the company an “overweight” rating in a research note on Friday, March 11th. BMO Capital Markets boosted their price target on shares of Exxon Mobil from $ 73.00 to $ 86.00 and gave the stock a “hold” rating in a research note on Thursday, March 3rd. Finally, Morgan Stanley increased their price objective on shares of Exxon Mobil from $ 103.00 to $ 107.00 and gave the company an “overweight” rating in a report on Monday, June 6th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $ 88.80.
Shares of Exxon Mobil stock opened at $ 86.12 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a market cap of $ 362.78 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. Exxon Mobil Co. has a one year low of $ 52.10 and a one year high of $ 105.57. The stock’s 50-day moving average is $ 91.35 and its 200-day moving average is $ 80.33.
Exxon Mobil (NYSE: XOM – Get Rating) last released its quarterly earnings results on Friday, April 29th. The oil and gas company reported $ 2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $ 2.25 by ($ 0.18). The firm had revenue of $ 90.50 billion for the quarter, compared to analyst estimates of $ 83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company revenue was up 53.0% compared to the same quarter last year. During the same period last year, the company earned $ 0.65 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 10.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were given a dividend of $ 0.88 per share. The ex-dividend date was Thursday, May 12th. This represents a $ 3.52 annualized dividend and a yield of 4.09%. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.
About Exxon Mobil: (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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