Park National Corp OH increased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,277 shares of the oil and gas company's stock after acquiring an additional 30,964 shares during the quarter. Park National Corp OH's holdings in Exxon Mobil were worth $20,406,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Marcum Wealth LLC grew its position in Exxon Mobil by 19.1% in the 1st quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company's stock worth $2,429,000 after purchasing an additional 4,711 shares during the last quarter. Minot Wealth Management LLC grew its position in Exxon Mobil by 15.5% in the 1st quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company's stock worth $3,378,000 after purchasing an additional 5,477 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Exxon Mobil by 13.3% in the 1st quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company's stock worth $467,000 after purchasing an additional 664 shares during the last quarter. Home Federal Bank of Tennessee grew its position in Exxon Mobil by 1.1% in the 1st quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company's stock worth $1,170,000 after purchasing an additional 150 shares during the last quarter. Finally, Fort Sheridan Advisors LLC grew its position in Exxon Mobil by 8.4% in the 1st quarter. Fort Sheridan Advisors LLC now owns 7,802 shares of the oil and gas company's stock worth $644,000 after purchasing an additional 606 shares during the last quarter. Institutional investors own 56.84% of the company's stock.
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Wall Street Analysts Forecast Growth
Several research firms have issued reports on XOM. Credit Suisse Group restated an "outperform" rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, August 11th. Bank of America lifted their target price on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, August 1st. HSBC lifted their target price on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a "hold" rating in a research report on Wednesday, July 20th. The Goldman Sachs Group lifted their target price on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a "buy" rating in a research report on Wednesday, June 8th. Finally, Evercore ISI upgraded shares of Exxon Mobil from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $96.69.
Exxon Mobil Trading Down 1.7 %
Shares of NYSE XOM opened at $93.21 on Friday. Exxon Mobil Co. has a 1-year low of $52.96 and a 1-year high of $105.57. The company has a market cap of $388.47 billion, a PE ratio of 10.20, a P/E/G ratio of 0.32 and a beta of 1.07. 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 company has a 50-day moving average of $92.33 and a two-hundred day moving average of $89.46.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping analysts' consensus estimates of $3.74 by $0.40. The company had revenue of $115.68 billion during the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company's revenue was up 70.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 12.69 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, August 11th. Exxon Mobil's dividend payout ratio (DPR) is 38.51%.
Insider Buying and Selling
In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 960,000 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now directly owns 1,137,000 shares in the company, valued at approximately $100,635,870. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Jeffrey W. Ubben acquired 960,000 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the acquisition, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now owns 27,863 shares of the company's stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.
Exxon Mobil 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.
Further Reading
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