The Suntrust Banks Inc. reached $211,201,000 position of Exxon Mobil Corp. (XOM)

The Suntrust Banks Inc. reached $211,201,000 position  of Exxon Mobil Corp. (XOM)

Suntrust Banks Inc. raised its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,253,075 shares of the company’s stock after buying an additional 32,102 shares during the period. Exxon Mobil Corp. accounts for about 1.3% of Suntrust Banks Inc.’s holdings, making the stock its 7th largest position. Suntrust Banks Inc. owned 0.05% of Exxon Mobil Corp. worth $211,201,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. TNB Financial raised its stake in shares of Exxon Mobil Corp. by 17.4% in the first quarter. TNB Financial now owns 53,627 shares of the company’s stock valued at $4,482,000 after buying an additional 7,964 shares during the last quarter. Burke & Herbert Bank & Trust Co. raised its stake in shares of Exxon Mobil Corp. by 1.5% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 84,255 shares of the company’s stock valued at $7,043,000 after buying an additional 1,244 shares during the last quarter. Gierl Augustine Investment Management Inc raised its stake in shares of Exxon Mobil Corp. by 21.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 38,564 shares of the company’s stock valued at $3,224,000 after buying an additional 6,900 shares during the last quarter. Jacobs & Co. CA raised its stake in shares of Exxon Mobil Corp. by 1.8% in the first quarter. Jacobs & Co. CA now owns 88,063 shares of the company’s stock valued at $7,361,000 after buying an additional 1,593 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its stake in shares of Exxon Mobil Corp. by 6.5% in the first quarter. Capital Investment Advisors LLC now owns 65,430 shares of the company’s stock valued at $5,469,000 after buying an additional 3,992 shares during the last quarter. 50.42% of the stock is currently owned by institutional investors.

Exxon Mobil Corp. (NYSE:XOM) traded down 0.85% during mid-day trading on Thursday, reaching $86.39. The company’s stock had a trading volume of 5,392,826 shares. The stock’s 50-day moving average is $86.27 and its 200-day moving average is $88.37. The firm has a market capitalization of $358.23 billion, a PE ratio of 34.31 and a beta of 0.83. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55.

Exxon Mobil Corp. (NYSE:XOM) last announced its earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.23. The business had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The firm’s revenue was down 22.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. On average, equities analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current year.

XOM has been the topic of a number of research analyst reports. HSBC set a $83.50 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Zacks Investment Research raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, July 5th. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective on the stock in a research report on Tuesday, September 13th. Bank of America Corp. set a $100.00 price objective on Exxon Mobil Corp. and gave the stock a “hold” rating in a research report on Monday. Finally, Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a research report on Sunday, July 10th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $87.92.

In other news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the sale, the vice president now directly owns 213,256 shares in the company, valued at $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Exxon Mobil Corp. Company Profile

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