Midwest Trust Co Grows Stock Holdings in Exxon Mobil Corporation $XOM

Midwest Trust Co increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 667,896 shares of the oil and gas company’s stock after purchasing an additional 29,189 shares during the period. Exxon Mobil makes up 1.0% of Midwest Trust Co’s holdings, making the stock its 23rd biggest position. Midwest Trust Co’s holdings in Exxon Mobil were worth $75,305,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Eagle Capital Management LLC boosted its stake in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new position in Exxon Mobil in the first quarter valued at approximately $305,000. Sivia Capital Partners LLC boosted its position in Exxon Mobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 207 shares in the last quarter. Financial Security Advisor Inc. grew its stake in shares of Exxon Mobil by 3.6% during the 2nd quarter. Financial Security Advisor Inc. now owns 40,800 shares of the oil and gas company’s stock worth $4,398,000 after purchasing an additional 1,413 shares during the period. Finally, Castellan Group increased its holdings in shares of Exxon Mobil by 2.9% during the 2nd quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock valued at $2,853,000 after purchasing an additional 740 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.5%

Shares of Exxon Mobil stock opened at $151.22 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $151.55. The firm has a market capitalization of $637.72 billion, a PE ratio of 22.60, a P/E/G ratio of 15.49 and a beta of 0.39. The firm’s 50-day moving average price is $126.47 and its 200 day moving average price is $117.70.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The company had revenue of $82.31 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.Exxon Mobil’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 EPS. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Trending Headlines about Exxon Mobil

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Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the sale, the vice president owned 20,354 shares of the company’s stock, valued at $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 14,230 shares of company stock worth $1,888,421. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target on the stock. in a report on Tuesday, February 3rd. Jefferies Financial Group upped their price objective on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Royal Bank Of Canada upped their price target on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Finally, Wells Fargo & Company lowered their price target on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $140.59.

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Exxon Mobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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