Exxon Mobil Corp. (XOM) is Smithfield Trust Co.’s 10th Largest Position
Smithfield Trust Co. increased its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,134 shares of the company’s stock after buying an additional 753 shares during the period. Exxon Mobil Corp. makes up about 2.5% of Smithfield Trust Co.’s portfolio, making the stock its 10th largest position. Smithfield Trust Co.’s holdings in Exxon Mobil Corp. were worth $13,136,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Exxon Mobil Corp. during the fourth quarter worth approximately $2,745,822,000. Acadian Asset Management LLC raised its stake in Exxon Mobil Corp. by 4,948.6% in the second quarter. Acadian Asset Management LLC now owns 3,736,088 shares of the company’s stock worth $350,220,000 after buying an additional 3,662,086 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock worth $9,286,480,000 after buying an additional 1,455,454 shares in the last quarter. Virginia Retirement System acquired a new stake in Exxon Mobil Corp. during the first quarter worth approximately $120,470,000. Finally, Nordea Investment Management AB raised its stake in Exxon Mobil Corp. by 84.8% in the second quarter. Nordea Investment Management AB now owns 2,809,085 shares of the company’s stock worth $263,324,000 after buying an additional 1,289,210 shares in the last quarter. 50.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.92% during midday trading on Wednesday, reaching $83.30. The company had a trading volume of 15,055,213 shares. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The company has a 50 day moving average of $87.11 and a 200 day moving average of $88.13. The company has a market capitalization of $345.42 billion, a PE ratio of 33.08 and a beta of 0.78.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. During the same period in the previous year, the firm earned $1.00 EPS. The company’s revenue was down 22.2% on a year-over-year basis. Analysts predict that Exxon Mobil Corp. will post $2.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Wednesday, August 10th. Exxon Mobil Corp.’s payout ratio is 119.05%.
A number of equities research analysts have recently commented on XOM shares. Credit Agricole SA reaffirmed a “buy” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a report on Thursday, September 8th. Collins Stewart reiterated a “hold” rating and set a $83.50 price objective on shares of Exxon Mobil Corp. in a report on Sunday, September 11th. JPMorgan Chase & Co. set a $95.00 price objective on Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Monday, July 11th. Finally, Morningstar Inc. reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 30th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.69.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total value of $1,218,270.15. Following the completion of the transaction, the vice president now owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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