Stock Yards Bank & Trust Co. raised its holdings in Exxon Mobil Corporation (NYSE:XOM) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,604 shares of the oil and gas company’s stock after purchasing an additional 545 shares during the quarter. Exxon Mobil Corporation accounts for 1.5% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 25th largest position. Stock Yards Bank & Trust Co.’s holdings in Exxon Mobil Corporation were worth $12,562,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in XOM. Horan Securities Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter worth $102,000. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Exxon Mobil Corporation by 13.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 220 shares during the period. Cordasco Financial Network boosted its stake in Exxon Mobil Corporation by 0.6% in the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 15 shares during the period. Finally, Diversified Portfolios Inc. bought a new position in Exxon Mobil Corporation in the 1st quarter worth about $224,000. Hedge funds and other institutional investors own 50.74% of the company’s stock.

Several research analysts have commented on XOM shares. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $83.00 target price on shares of Exxon Mobil Corporation in a research note on Tuesday, May 30th. Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 target price for the company in a research note on Monday, June 5th. Howard Weil upgraded Exxon Mobil Corporation from a “sector perform” rating to an “outperform” rating in a research note on Monday, June 5th. Scotiabank upgraded Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and raised their target price for the stock from $85.00 to $86.00 in a research note on Monday, June 5th. Finally, Scotia Howard Weill upgraded Exxon Mobil Corporation from a “sector perform” rating to an “outperform” rating in a research note on Monday, June 5th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $84.65.

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Shares of Exxon Mobil Corporation (XOM) traded up 0.35% during midday trading on Wednesday, hitting $80.50. The stock had a trading volume of 4,710,003 shares. The company has a market cap of $341.09 billion, a PE ratio of 29.02 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’s 50 day moving average is $78.37 and its 200 day moving average is $80.77.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the 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 analysts’ expectations of $61.35 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corporation will post $3.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were issued a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.84%. Exxon Mobil Corporation’s payout ratio is 111.19%.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at $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.

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

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