Trust Co. of Vermont increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 244,421 shares of the oil and gas company’s stock after buying an additional 960 shares during the period. Exxon Mobil Corporation makes up 2.2% of Trust Co. of Vermont’s investment portfolio, making the stock its 3rd largest position. Trust Co. of Vermont’s holdings in Exxon Mobil Corporation were worth $20,045,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of XOM. Cordasco Financial Network raised its position in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the period. LifePlan Financial Group Inc raised its stake in Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock valued at $370,000 after buying an additional 24 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Exxon Mobil Corporation by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 11,713 shares of the oil and gas company’s stock valued at $1,057,000 after buying an additional 38 shares during the last quarter. Nadler Financial Group Inc. raised its stake in Exxon Mobil Corporation by 0.3% in the first quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock valued at $1,301,000 after buying an additional 40 shares during the last quarter. Finally, Alpha Windward LLC raised its stake in Exxon Mobil Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 5,298 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 43 shares during the last quarter. 50.77% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Corporation (NYSE XOM) traded up 0.50% during mid-day trading on Friday, hitting $76.64. 14,324,342 shares of the company traded hands. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The company’s 50-day moving average price is $79.94 and its 200 day moving average price is $81.47. The company has a market capitalization of $324.73 billion, a price-to-earnings ratio of 27.63 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
Several equities research analysts have recently issued reports on XOM shares. Royal Bank Of Canada reissued a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil Corporation in a research report on Tuesday, April 25th. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $95.00 to $100.00 in a report on Thursday, May 11th. Scotiabank raised shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and raised their price target for the company from $85.00 to $86.00 in a report on Monday, June 5th. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target for the company. in a report on Tuesday, June 6th. Finally, Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $84.94.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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