Fulton Bank N.A. Sells 1,723 Shares of Exxon Mobil Co. (NYSE:XOM)

Fulton Bank N.A. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,030 shares of the oil and gas company’s stock after selling 1,723 shares during the quarter. Fulton Bank N.A.’s holdings in Exxon Mobil were worth $3,757,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Axiom Financial Strategies LLC boosted its position in Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares during the period. Retirement Income Solutions Inc bought a new position in shares of Exxon Mobil in the first quarter valued at approximately $275,000. Loomis Sayles & Co. L P boosted its position in shares of Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 13,065 shares during the period. Ergoteles LLC boosted its position in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC bought a new position in shares of Exxon Mobil in the first quarter valued at approximately $237,000. Institutional investors own 58.53% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Exxon Mobil news, Director Jeffrey W. Ubben acquired 458,000 shares of the stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the purchase, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Trading Down 1.5 %

NYSE:XOM opened at $116.72 on Friday. The company has a fifty day moving average of $108.38 and a 200 day moving average of $108.47. Exxon Mobil Co. has a 52 week low of $83.89 and a 52 week high of $119.92. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $467.25 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.61 and a beta of 1.08.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The firm had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The company’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.14 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 8.94 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.12%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is currently 29.12%.

Analyst Ratings Changes

XOM has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Mizuho raised their target price on shares of Exxon Mobil from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, August 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Wednesday, July 19th. HSBC raised their target price on shares of Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Finally, Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating and raised their target price for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.43.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.