The Community Financial Services Group LLC Raises its position in Exxon Mobil Corp. (XOM) as a favorable investment target.

The Community Financial Services Group LLC Raises its position in Exxon Mobil Corp. (XOM) as a favorable investment target.

Community Financial Services Group LLC raised its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 24.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,794 shares of the company’s stock after buying an additional 4,351 shares during the period. Community Financial Services Group LLC’s holdings in Exxon Mobil Corp. were worth $2,043,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. BB&T Corp raised its stake in shares of Exxon Mobil Corp. by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock valued at $89,332,000 after buying an additional 148,235 shares in the last quarter. Edgar Lomax Co. VA increased its position in Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock valued at $70,792,000 after buying an additional 126,050 shares during the last quarter. Shell Asset Management Co. increased its position in Exxon Mobil Corp. by 14.7% in the second quarter. Shell Asset Management Co. now owns 867,880 shares of the company’s stock valued at $81,355,000 after buying an additional 111,027 shares during the last quarter. Gofen & Glossberg LLC IL increased its position in Exxon Mobil Corp. by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 615,196 shares of the company’s stock valued at $57,668,000 after buying an additional 1,572 shares during the last quarter. Finally, HL Financial Services LLC increased its position in Exxon Mobil Corp. by 0.5% in the second quarter. HL Financial Services LLC now owns 1,368,524 shares of the company’s stock valued at $128,285,000 after buying an additional 7,264 shares during the last quarter. Hedge funds and other institutional investors own 50.45% of the company’s stock.

Exxon Mobil Corp. (NYSE:XOM) traded down 2.46% during mid-day trading on Friday, reaching $84.78. 19,072,186 shares of the company traded hands. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The stock has a 50-day moving average of $85.94 and a 200 day moving average of $88.61. The stock has a market capitalization of $351.55 billion, a PE ratio of 33.67 and a beta of 0.83.

Exxon Mobil Corp. (NYSE:XOM) last issued its earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The company had revenue of $58.68 billion for the quarter, compared to analyst estimates of $61.34 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Corp. will post $2.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 annualized dividend and a dividend yield of 3.54%. Exxon Mobil Corp.’s dividend payout ratio is presently 140.19%.

XOM has been the topic of several research reports. HSBC set a $83.50 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a research report 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 report on Tuesday, July 5th. Vetr raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price target on the stock in a research report on Tuesday, September 13th. Bank of America Corp. set a $100.00 price target on Exxon Mobil Corp. and gave the stock a “hold” rating in a research report on Monday, October 10th. Finally, Jefferies Group reaffirmed 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 issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $87.67.

In other news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total value of $1,218,270.15. Following the sale, the vice president now directly owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

Exxon Mobil Corp. Company Profile

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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