Glenview Trust Co Cuts Stock Holdings in Exxon Mobil Corporation $XOM

Glenview Trust Co cut its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 282,446 shares of the oil and gas company’s stock after selling 13,206 shares during the period. Glenview Trust Co’s holdings in Exxon Mobil were worth $31,846,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westfuller Advisors LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at about $30,000. Bare Financial Services Inc increased its position in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares in the last quarter. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $40,000. TruNorth Capital Management LLC raised its stake in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its stake in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. 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. UBS Group restated a “buy” rating and set a $171.00 price target on shares of Exxon Mobil in a research report on Monday, February 2nd. Citigroup lifted their price objective on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Finally, BNP Paribas Exane downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price on the stock. in a research report on Tuesday, February 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average price target of $140.59.

Exxon Mobil Trading Down 1.0%

XOM opened at $148.47 on Tuesday. The firm has a market capitalization of $626.12 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 15.40 and a beta of 0.39. The company’s 50 day simple moving average is $129.91 and its two-hundred day simple moving average is $119.08. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $156.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s payout ratio is currently 61.58%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the sale, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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.

About Exxon Mobil

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.