Bar Harbor Trust Services Decreases Holdings in Exxon Mobil Corporation (XOM)
Bar Harbor Trust Services reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,817 shares of the oil and gas company’s stock after selling 400 shares during the quarter. Bar Harbor Trust Services’ holdings in Exxon Mobil were worth $1,842,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Horizon Investment Services LLC lifted its position in shares of Exxon Mobil by 0.4% during the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after acquiring an additional 20 shares during the last quarter. Jag Capital Management LLC lifted its position in shares of Exxon Mobil by 0.5% during the 2nd quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after acquiring an additional 26 shares during the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Exxon Mobil by 0.7% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 7,235 shares of the oil and gas company’s stock valued at $584,000 after acquiring an additional 49 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of Exxon Mobil by 0.4% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,519 shares of the oil and gas company’s stock valued at $1,011,000 after acquiring an additional 50 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its position in shares of Exxon Mobil by 2.4% during the 2nd quarter. Valmark Advisers Inc. now owns 2,652 shares of the oil and gas company’s stock valued at $214,000 after acquiring an additional 61 shares during the last quarter. 51.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up $0.60 during trading hours on Thursday, hitting $82.27. The company had a trading volume of 9,724,800 shares, compared to its average volume of 10,912,041. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a twelve month low of $76.05 and a twelve month high of $93.22. The stock has a market capitalization of $346,044.44, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 1.71 and a beta of 0.84.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. During the same period last year, the company earned $0.63 earnings per share. sell-side analysts anticipate that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.74%. Exxon Mobil’s dividend payout ratio is 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the 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 directly owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.
A number of equities research analysts have recently commented on the company. Vetr downgraded Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research report on Friday, October 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Societe Generale set a $95.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, September 18th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $80.00 price objective (down previously from $81.00) on shares of Exxon Mobil in a research report on Friday, August 18th. Finally, Independent Research set a $84.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, August 21st. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $85.91.
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Exxon Mobil Company Profile
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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