Exxon Mobil Corporation (XOM) is First Command Bank’s 4th Largest Position
First Command Bank raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 98.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,994 shares of the oil and gas company’s stock after purchasing an additional 77,886 shares during the period. Exxon Mobil Corporation accounts for 4.7% of First Command Bank’s holdings, making the stock its 4th biggest holding. First Command Bank’s holdings in Exxon Mobil Corporation were worth $12,674,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Horan Securities Inc. acquired a new position in shares of Exxon Mobil Corporation during the first quarter valued at about $102,000. Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the first quarter valued at about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Exxon Mobil Corporation by 13.5% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares during the last quarter. Cordasco Financial Network grew its holdings in shares of Exxon Mobil Corporation by 0.6% during the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the last quarter. Finally, Diversified Portfolios Inc. acquired a new position in shares of Exxon Mobil Corporation during the first quarter valued at about $224,000. 50.74% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) traded up 0.3118% during midday trading on Wednesday, hitting $80.4701. 4,530,869 shares of the stock were exchanged. The firm has a 50-day moving average of $78.37 and a 200-day moving average of $80.77. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The company has a market capitalization of $340.96 billion, a P/E ratio of 29.0087 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post $3.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
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XOM has been the subject of a number of analyst reports. Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price objective for the company in a report on Monday, June 5th. Cowen and Company reiterated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil Corporation in a report on Tuesday. Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Morgan Stanley set a $81.00 price objective on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada cut shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $96.00 to $95.00 in a report on Thursday, July 6th. Seven analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $84.65.
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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