Trade Report: The Exxon Mobil Corp. (XOM) Stake Held by C.V. Starr & Co. Inc. Trust

The Exxon Mobil Corp. (XOM) Stake Held by C.V. Starr & Co. Inc. Trust

C.V. Starr & Co. Inc. Trust continued to hold its position in shares of Exxon Mobil Corp. (NYSE:XOM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,000 shares of the company’s stock at the end of the second quarter. Exxon Mobil Corp. makes up about 1.6% of C.V. Starr & Co. Inc. Trust’s portfolio, making the stock its 27th largest position. C.V. Starr & Co. Inc. Trust’s holdings in Exxon Mobil Corp. were worth $3,750,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Edgar Lomax Co. VA boosted its position in shares of Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock worth $70,792,000 after buying an additional 126,050 shares in the last quarter. Gofen & Glossberg LLC IL boosted its position in shares of Exxon Mobil Corp. by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 615,196 shares of the company’s stock worth $57,668,000 after buying an additional 1,572 shares in the last quarter. Lodestar Investment Counsel LLC IL boosted its position in shares of Exxon Mobil Corp. by 3.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 232,576 shares of the company’s stock worth $21,802,000 after buying an additional 8,293 shares in the last quarter. British Columbia Investment Management Corp boosted its position in shares of Exxon Mobil Corp. by 0.5% in the second quarter. British Columbia Investment Management Corp now owns 1,918,199 shares of the company’s stock worth $179,812,000 after buying an additional 9,739 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its position in shares of Exxon Mobil Corp. by 1.1% in the first quarter. Canandaigua National Bank & Trust Co. now owns 218,312 shares of the company’s stock worth $18,249,000 after buying an additional 2,477 shares in the last quarter. 50.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.07% during trading on Friday, hitting $86.98. 3,885,723 shares of the company were exchanged. The stock has a market capitalization of $360.68 billion, a PE ratio of 34.54 and a beta of 0.83. The company has a 50 day moving average of $86.34 and a 200-day moving average of $88.26. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.45%. The ex-dividend date was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio is currently 119.05%.

Several equities research analysts have commented on XOM shares. Vetr upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price target on the stock in a research note on Tuesday, September 13th. Wells Fargo & Co. restated a “buy” rating and issued a $98.00 price target (down previously from $108.50) on shares of Exxon Mobil Corp. in a research note on Tuesday, September 20th. Morgan Stanley set a $95.00 price target on shares of Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Monday, June 13th. Morningstar Inc. restated a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 30th. Finally, Collins Stewart restated a “hold” rating and issued a $83.50 price target on shares of Exxon Mobil Corp. in a research note on Sunday, September 11th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $87.68.

In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s stock in a transaction on 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 transaction, the vice president now owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

About Exxon Mobil Corp.

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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