Unified Trust Company N.A. raised its position in Exxon Mobil Co. (NYSE:XOM) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 48,004 shares of the oil and gas company’s stock after acquiring an additional 884 shares during the period. Exxon Mobil accounts for about 2.6% of Unified Trust Company N.A.’s portfolio, making the stock its 14th largest position. Unified Trust Company N.A.’s holdings in Exxon Mobil were worth $3,678,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. boosted its holdings in Exxon Mobil by 1.3% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock valued at $20,116,000 after purchasing an additional 3,357 shares during the last quarter. Krueger & Catalano Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 61.2% in the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock worth $913,000 after acquiring an additional 4,525 shares during the last quarter. Chesley Taft & Associates LLC lifted its holdings in shares of Exxon Mobil by 0.8% in the 2nd quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock worth $13,548,000 after acquiring an additional 1,440 shares during the last quarter. Mount Vernon Associates Inc. MD lifted its holdings in shares of Exxon Mobil by 83.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock worth $1,029,000 after acquiring an additional 6,103 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of Exxon Mobil by 2.0% in the 2nd quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock worth $19,158,000 after acquiring an additional 4,922 shares during the last quarter. Institutional investors own 54.42% of the company’s stock.
In related news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.05% of the stock is owned by corporate insiders.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 3.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend was Monday, August 12th. Exxon Mobil’s payout ratio is currently 70.59%.
Several equities analysts have recently commented on the stock. Independent Research set a $74.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. set a $83.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Sunday, August 4th. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. UBS Group decreased their price objective on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Finally, BMO Capital Markets assumed coverage on shares of Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price objective on the stock. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $81.13.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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