Blue Trust Inc. Has $11.24 Million Stock Position in Exxon Mobil Corporation $XOM

Blue Trust Inc. lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,686 shares of the oil and gas company’s stock after selling 5,638 shares during the period. Blue Trust Inc.’s holdings in Exxon Mobil were worth $11,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Exxon Mobil in the 2nd quarter worth approximately $6,163,719,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at $607,621,000. First Trust Advisors LP boosted its position in shares of Exxon Mobil by 150.2% in the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after buying an additional 4,563,707 shares during the period. Cerity Partners LLC grew its holdings in shares of Exxon Mobil by 200.7% during the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after buying an additional 4,015,099 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its position in Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after buying an additional 3,066,736 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research report on Monday, December 8th. BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.45.

Exxon Mobil Stock Down 0.1%

Shares of Exxon Mobil stock opened at $119.09 on Monday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The stock has a 50 day moving average price of $116.65 and a two-hundred day moving average price of $113.25. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $502.20 billion, a P/E ratio of 17.31, a PEG ratio of 7.49 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a $1.03 dividend. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is 59.88%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.