Adirondack Trust Co. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,176 shares of the oil and gas company’s stock after selling 1,316 shares during the period. Exxon Mobil comprises about 1.6% of Adirondack Trust Co.’s investment portfolio, making the stock its 15th biggest holding. Adirondack Trust Co.’s holdings in Exxon Mobil were worth $2,343,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Exxon Mobil by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock valued at $26,639,953,000 after purchasing an additional 2,953,857 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Exxon Mobil by 0.4% during the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after purchasing an additional 1,069,038 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Exxon Mobil by 0.5% during the 2nd quarter. Northern Trust Corp now owns 57,794,339 shares of the oil and gas company’s stock valued at $4,428,779,000 after purchasing an additional 305,219 shares in the last quarter. FMR LLC raised its holdings in shares of Exxon Mobil by 6.8% during the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after purchasing an additional 3,038,704 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Exxon Mobil by 4.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock valued at $2,050,627,000 after purchasing an additional 1,057,308 shares in the last quarter. 54.42% of the stock is owned by institutional investors.
XOM traded up $0.74 during trading on Wednesday, hitting $67.44. The stock had a trading volume of 7,098,731 shares, compared to its average volume of 11,473,650. The firm has a market cap of $291.82 billion, a PE ratio of 13.68, a P/E/G ratio of 2.02 and a beta of 0.99. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $86.82. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The company has a 50 day simple moving average of $70.07 and a 200-day simple moving average of $74.77.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th were given a $0.87 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 5.16%. Exxon Mobil’s dividend payout ratio is 70.59%.
A number of research firms have recently weighed in on XOM. BMO Capital Markets began coverage on shares of Exxon Mobil in a report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price target on the stock. Independent Research set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 29th. UBS Group dropped their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, October 4th. Finally, Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $80.52.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the sale, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.05% of the company’s stock.
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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