Arrow Financial Corp Raises Position in Exxon Mobil Corporation (XOM)
Arrow Financial Corp boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,972 shares of the oil and gas company’s stock after purchasing an additional 1,563 shares during the period. Exxon Mobil Corporation comprises about 1.5% of Arrow Financial Corp’s holdings, making the stock its 14th largest holding. Arrow Financial Corp’s holdings in Exxon Mobil Corporation were worth $6,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of XOM. Riggs Asset Managment Co. Inc. raised its stake in shares of Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 292 shares during the last quarter. Horan Securities Inc. raised its stake in shares of Exxon Mobil Corporation by 20.8% during the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after acquiring an additional 260 shares during the last quarter. Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Exxon Mobil Corporation by 13.5% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares during the last quarter. Finally, David R. Rahn & Associates Inc. bought a new position in Exxon Mobil Corporation during the second quarter worth $207,000. 50.84% of the stock is owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corporation (NYSE XOM) opened at $82.24 on Wednesday. The company has a market cap of $348,460.00, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. equities analysts forecast that Exxon Mobil Corporation will post 3.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 100.33%.
A number of equities research analysts have commented on XOM shares. Goldman Sachs Group, Inc. (The) set a $86.00 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Tuesday, November 7th. cut shares of Exxon Mobil Corporation from a “hold” rating to a “reduce” rating and reduced their price target for the stock from $83.60 to $77.00 in a report on Tuesday, November 7th. BNP Paribas set a $70.00 price target on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Monday, September 25th. Vetr cut shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price target for the company. in a report on Thursday, September 28th. Finally, Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus price target of $85.57.
In other news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.
About Exxon Mobil Corporation
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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