First United Bank Trust reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,308 shares of the oil and gas company’s stock after selling 3,072 shares during the period. Exxon Mobil accounts for approximately 1.3% of First United Bank Trust’s investment portfolio, making the stock its 20th biggest position. First United Bank Trust’s holdings in Exxon Mobil were worth $2,140,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC boosted its position in shares of Exxon Mobil by 121.2% in the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares during the period. Krane Funds Advisors LLC bought a new stake in shares of Exxon Mobil in the second quarter valued at about $26,000. Asset Planning Services Ltd. boosted its position in shares of Exxon Mobil by 1,984.0% in the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares during the period. Evolution Wealth Advisors LLC bought a new stake in shares of Exxon Mobil in the second quarter valued at about $45,000. Finally, PARK CIRCLE Co boosted its position in shares of Exxon Mobil by 100.0% in the second quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 54.42% of the company’s stock.
In related news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. Exxon Mobil’s revenue was down 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 3.04 EPS for the current fiscal year.
A number of brokerages have recently issued reports on XOM. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their target price for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 2nd. Barclays began coverage on shares of Exxon Mobil in a research report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 target price for the company. UBS Group reduced their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Finally, BMO Capital Markets began coverage on shares of Exxon Mobil in a research report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $80.52.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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