St. Louis Trust Co lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 21.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,737 shares of the oil and gas company’s stock after selling 7,970 shares during the period. Exxon Mobil makes up approximately 0.8% of St. Louis Trust Co’s portfolio, making the stock its 22nd biggest holding. St. Louis Trust Co’s holdings in Exxon Mobil were worth $2,378,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in XOM. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at $122,000. Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil in the first quarter valued at $149,000. Winfield Associates Inc. purchased a new stake in shares of Exxon Mobil in the second quarter valued at $160,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter valued at $197,000. Finally, Lesa Sroufe & Co purchased a new stake in shares of Exxon Mobil in the second quarter valued at $200,000. 52.39% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the transaction, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The firm had revenue of $76.61 billion for the quarter, compared to analyst estimates of $72.91 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 4.7 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.34%. Exxon Mobil’s dividend payout ratio is 91.36%.
Several analysts have recently issued reports on the company. Societe Generale set a $92.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, August 6th. Credit Suisse Group restated a “neutral” rating and issued a $80.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 2nd. Macquarie reiterated a “sell” rating and set a $70.00 target price on shares of Exxon Mobil in a research report on Thursday, August 30th. HSBC restated a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a research note on Tuesday, November 6th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Exxon Mobil in a research note on Saturday, November 17th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average target price of $87.00.
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Exxon Mobil 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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