MEMBERS Trust Co Buys Shares of 33,417 Exxon Mobil Corporation (NYSE:XOM)
MEMBERS Trust Co bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM) during the first quarter, Holdings Channel reports. The fund bought 33,417 shares of the oil and gas company’s stock, valued at approximately $2,741,000. Exxon Mobil Corporation accounts for about 0.2% of MEMBERS Trust Co’s investment portfolio, making the stock its 17th largest position.
Several other large investors have also bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. bought a new position in shares of Exxon Mobil Corporation during the first quarter worth $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares in the last quarter. Cordasco Financial Network raised its position in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares in the last quarter. Finally, Hartree Partners LP bought a new position in shares of Exxon Mobil Corporation during the fourth quarter worth $237,000. Hedge funds and other institutional investors own 50.59% of the company’s stock.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.42% during mid-day trading on Friday, reaching $78.64. 3,127,765 shares of the company traded hands. Exxon Mobil Corporation has a 52-week low of $78.27 and a 52-week high of $93.22. The stock has a 50-day moving average of $80.58 and a 200 day moving average of $81.80. The stock has a market capitalization of $333.21 billion, a PE ratio of 28.35 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. Equities research analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
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A number of research analysts recently weighed in on the stock. UBS AG set a $77.00 price target on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, April 25th. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Thursday, August 3rd. HSBC Holdings plc set a $81.50 price target on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Finally, Vetr lowered shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price target on the stock. in a research note on Wednesday. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $84.98.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.
About Exxon Mobil Corporation
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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