Glenview State Bank Trust DEPT. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,188 shares of the oil and gas company’s stock after selling 4,740 shares during the period. Exxon Mobil comprises 3.2% of Glenview State Bank Trust DEPT.’s portfolio, making the stock its 11th largest holding. Glenview State Bank Trust DEPT.’s holdings in Exxon Mobil were worth $6,493,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Sterneck Capital Management LLC increased its holdings in Exxon Mobil by 35.3% in the first quarter. Sterneck Capital Management LLC now owns 7,094 shares of the oil and gas company’s stock worth $582,000 after buying an additional 1,851 shares during the last quarter. Shelton Capital Management increased its holdings in Exxon Mobil by 9.1% in the first quarter. Shelton Capital Management now owns 240,038 shares of the oil and gas company’s stock worth $19,686,000 after buying an additional 20,116 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in Exxon Mobil in the first quarter worth approximately $307,000. Harbour Capital Advisors LLC acquired a new position in Exxon Mobil in the first quarter worth approximately $3,775,000. Finally, Horizon Investment Services LLC increased its holdings in Exxon Mobil by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares during the last quarter. Institutional investors own 51.05% of the company’s stock.
In other news, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock valued at $4,273,910 over the last three months. 0.08% of the stock is owned by company insiders.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same period in the prior year, the business earned $0.63 earnings per share. equities analysts forecast that Exxon Mobil Co. will post 3.66 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.53%. Exxon Mobil’s dividend payout ratio is 100.33%.
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday. Vetr downgraded Exxon Mobil from a “buy” rating to a “hold” rating and set a $86.54 price objective on the stock. in a report on Tuesday, January 2nd. Howard Weil upgraded Exxon Mobil from an “outperform” rating to a “focus list” rating in a report on Friday, December 22nd. Jefferies Group set a $85.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Wednesday, December 20th. Finally, Goldman Sachs Group set a $89.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, December 14th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $86.18.
Exxon Mobil Profile
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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