Exxon Mobil Corporation $XOM Shares Sold by Finemark National Bank & Trust

Finemark National Bank & Trust cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,983 shares of the oil and gas company’s stock after selling 4,967 shares during the period. Finemark National Bank & Trust’s holdings in Exxon Mobil were worth $17,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Eagle Capital Management LLC lifted its holdings in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new position in Exxon Mobil during the first quarter worth $305,000. Sivia Capital Partners LLC boosted its position in shares of Exxon Mobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after buying an additional 207 shares during the period. Castellan Group grew its stake in shares of Exxon Mobil by 2.9% in the second quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock valued at $2,853,000 after buying an additional 740 shares in the last quarter. Finally, United Bank raised its holdings in shares of Exxon Mobil by 2.8% in the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on XOM shares. TD Cowen raised their target price on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. BMO Capital Markets reissued a “market perform” rating and set a $155.00 price target on shares of Exxon Mobil in a research report on Wednesday, February 4th. Barclays lifted their price objective on shares of Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Morgan Stanley dropped their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $140.59.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 14,230 shares of company stock valued at $1,888,421. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 2.7%

Shares of Exxon Mobil stock opened at $152.55 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $156.93. The company has a market capitalization of $635.62 billion, a P/E ratio of 22.80, a P/E/G ratio of 15.82 and a beta of 0.39. The company has a 50 day moving average of $135.64 and a 200 day moving average of $121.67.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $1.67 EPS. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s payout ratio is 61.58%.

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.