Sageworth Trust Co Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Sageworth Trust Co lowered its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 45.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,691 shares of the oil and gas company’s stock after selling 1,395 shares during the period. Sageworth Trust Co’s holdings in Exxon Mobil were worth $140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in shares of Exxon Mobil by 0.4% during the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after acquiring an additional 1,128,974 shares during the last quarter. Geode Capital Management LLC raised its stake in Exxon Mobil by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after purchasing an additional 3,441,825 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $3,184,424,000. GQG Partners LLC lifted its position in Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after purchasing an additional 5,807,202 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Exxon Mobil by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company’s stock worth $1,873,632,000 after buying an additional 164,733 shares during the last quarter. Institutional investors own 54.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Cowen lifted their price target on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. StockNews.com lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Morgan Stanley dropped their target price on Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Finally, Citigroup increased their price target on shares of Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average target price of $96.40.

Exxon Mobil Trading Up 1.4 %

NYSE XOM opened at $88.45 on Friday. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. 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 stock’s fifty day moving average price is $90.93 and its 200-day moving average price is $85.91. The stock has a market cap of $372.60 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.31 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.74 by $0.40. The company had revenue of $115.68 billion for 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%. Exxon Mobil’s revenue for the quarter was up 70.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 12.35 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 3.98%. Exxon Mobil’s dividend payout ratio is 38.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,147 shares of company stock valued at $698,858. Corporate insiders own 0.04% of the company’s stock.

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.

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

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