Sageworth Trust Co Sells 1,395 Shares of Exxon Mobil Co. (NYSE:XOM)

Sageworth Trust Co lowered its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 45.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,691 shares of the oil and gas company’s stock after selling 1,395 shares during the period. Sageworth Trust Co’s holdings in Exxon Mobil were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. GoalVest Advisory LLC bought a new stake in Exxon Mobil during the first quarter worth about $38,000. Guardian Wealth Management Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $30,000. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $31,000. West Bancorporation Inc. acquired a new stake in Exxon Mobil in the fourth quarter valued at about $32,000. Finally, First Quadrant LLC CA grew its position in Exxon Mobil by 236.8% in the first quarter. First Quadrant LLC CA now owns 522 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 367 shares during the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares in the company, valued at approximately $2,635,839.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. Insiders have sold 7,147 shares of company stock valued at $698,858 in the last 90 days. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Citigroup raised their price target on shares of Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 19th. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and raised their target price for the company from $115.00 to $125.00 in a research report on Tuesday, June 21st. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $100.00 in a report on Thursday, April 21st. HSBC raised their price objective on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Finally, Bank of America upped their target price on Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $96.40.

Exxon Mobil Stock Performance

XOM stock opened at $88.45 on Friday. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $90.93 and a 200-day moving average price of $85.91. The firm has a market cap of $372.60 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company’s revenue for the quarter was up 70.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 12.35 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is currently 38.51%.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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