Moody National Bank Trust Division cut its position in Exxon Mobil Corp. (NYSE:XOM) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 57,484 shares of the company’s stock after selling 70 shares during the period. Exxon Mobil Corp. comprises approximately 0.3% of Moody National Bank Trust Division’s holdings, making the stock its 3rd largest position. Moody National Bank Trust Division’s holdings in Exxon Mobil Corp. were worth $5,388,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. boosted its position in shares of Exxon Mobil Corp. by 3.6% in the second quarter. Wedbush Securities Inc. now owns 70,700 shares of the company’s stock worth $6,627,000 after buying an additional 2,473 shares during the last quarter. Strategic Financial Group LLC boosted its stake in Exxon Mobil Corp. by 4.0% in the second quarter. Strategic Financial Group LLC now owns 8,043 shares of the company’s stock worth $754,000 after buying an additional 309 shares in the last quarter. OLD Republic International Corp boosted its stake in Exxon Mobil Corp. by 38.8% in the second quarter. OLD Republic International Corp now owns 420,600 shares of the company’s stock worth $39,427,000 after buying an additional 117,500 shares in the last quarter. Supplemental Annuity Collective Trust of NJ boosted its stake in Exxon Mobil Corp. by 8.3% in the second quarter. Supplemental Annuity Collective Trust of NJ now owns 61,000 shares of the company’s stock worth $5,718,000 after buying an additional 4,678 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust boosted its stake in Exxon Mobil Corp. by 333.3% in the second quarter. New Jersey Better Educational Savings Trust now owns 26,000 shares of the company’s stock worth $2,437,000 after buying an additional 20,000 shares in the last quarter. 50.42% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.34% during mid-day trading on Friday, hitting $86.74. The company had a trading volume of 6,614,908 shares. The firm has a market capitalization of $359.68 billion, a PE ratio of 34.45 and a beta of 0.83. The company’s 50 day moving average price is $86.27 and its 200-day moving average price is $88.28. 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 issued its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The business’s revenue was down 22.2% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a dividend of $0.75 per share. The ex-dividend date was Wednesday, August 10th. This represents a $3.00 dividend on an annualized basis and a yield of 3.46%. Exxon Mobil Corp.’s payout ratio is currently 119.05%.
XOM has been the subject of a number of recent analyst reports. HSBC set a $83.50 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Morgan Stanley set a $95.00 price target on Exxon Mobil Corp. and gave the company a “sell” rating in a report on Monday, June 13th. Zacks Investment Research raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a 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 for the company in a report on Tuesday, September 13th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Exxon Mobil Corp. in a report on Sunday, July 10th. Six analysts have rated the stock with a sell rating, thirteen have assigned 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 an average target price of $87.68.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the 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 approximately $18,751,600.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.