Amarillo National Bank Has $1.61 Million Position in Exxon Mobil Corporation (XOM)
Amarillo National Bank lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,964 shares of the oil and gas company’s stock after selling 42 shares during the quarter. Exxon Mobil Corporation comprises about 0.6% of Amarillo National Bank’s holdings, making the stock its 25th biggest holding. Amarillo National Bank’s holdings in Exxon Mobil Corporation were worth $1,612,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Horizon Investment Services LLC boosted its stake in Exxon Mobil Corporation by 0.4% during the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares during the period. Alpha Windward LLC boosted its stake in Exxon Mobil Corporation by 0.8% during the first quarter. Alpha Windward LLC now owns 5,298 shares of the oil and gas company’s stock worth $434,000 after buying an additional 43 shares during the period. Sonata Capital Group Inc. boosted its stake in Exxon Mobil Corporation by 0.9% during the first quarter. Sonata Capital Group Inc. now owns 5,522 shares of the oil and gas company’s stock worth $453,000 after buying an additional 50 shares during the period. Family Legacy Inc. boosted its stake in Exxon Mobil Corporation by 0.3% during the second quarter. Family Legacy Inc. now owns 25,927 shares of the oil and gas company’s stock worth $2,093,000 after buying an additional 75 shares during the period. Finally, Robinson Value Management Ltd. boosted its stake in Exxon Mobil Corporation by 0.5% during the second quarter. Robinson Value Management Ltd. now owns 18,878 shares of the oil and gas company’s stock worth $1,524,000 after buying an additional 95 shares during the period. 50.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corporation (XOM) traded down 0.579% during midday trading on Friday, hitting $81.545. 2,582,306 shares of the company’s stock traded hands. The stock has a market cap of $345.51 billion, a P/E ratio of 29.396 and a beta of 0.82. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a 50 day moving average of $79.01 and a 200 day moving average of $80.74.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the previous year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were paid a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.76%. Exxon Mobil Corporation’s payout ratio is 111.19%.
XOM has been the subject of several recent research reports. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price objective for the company in a research note on Tuesday, August 29th. Wolfe Research lowered shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Zacks Investment Research lowered shares of Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 14th. BMO Capital Markets raised their price objective on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, June 21st. Finally, Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $84.75.
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In related news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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