Canandaigua National Bank & Trust Co. Acquires 4,729 Shares of Exxon Mobil Corporation $XOM

Key Points

• Canandaigua National Bank & Trust Co. increased its holdings in Exxon Mobil Corporation by 2.2%, acquiring an additional 4,729 shares during the second quarter, bringing total holdings to 221,782 shares valued at approximately $23.9 million.
• Exxon Mobil reported a quarterly earnings per share of $1.64, exceeding estimates by $0.17, with revenues of $81.51 billion, down 12.4% year-over-year.
• The company declared a quarterly dividend of $0.99 per share, leading to an annualized dividend yield of 3.5% and a payout ratio of 56.25%.

Canandaigua National Bank & Trust Co. raised its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 221,782 shares of the oil and gas company's stock after purchasing an additional 4,729 shares during the quarter. Exxon Mobil accounts for approximately 2.2% of Canandaigua National Bank & Trust Co.'s investment portfolio, making the stock its 9th biggest position. Canandaigua National Bank & Trust Co.'s holdings in Exxon Mobil were worth $23,908,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. RMR Wealth Builders boosted its holdings in shares of Exxon Mobil by 1.4% in the 2nd quarter. RMR Wealth Builders now owns 37,479 shares of the oil and gas company's stock valued at $4,040,000 after purchasing an additional 533 shares in the last quarter. Apella Capital LLC boosted its holdings in shares of Exxon Mobil by 4.4% in the 2nd quarter. Apella Capital LLC now owns 25,851 shares of the oil and gas company's stock valued at $2,872,000 after purchasing an additional 1,081 shares in the last quarter. Boltwood Capital Management boosted its holdings in shares of Exxon Mobil by 0.8% in the 2nd quarter. Boltwood Capital Management now owns 25,340 shares of the oil and gas company's stock valued at $2,732,000 after purchasing an additional 190 shares in the last quarter. Legacy Private Trust Co. boosted its holdings in shares of Exxon Mobil by 13.5% in the 2nd quarter. Legacy Private Trust Co. now owns 33,029 shares of the oil and gas company's stock valued at $3,561,000 after purchasing an additional 3,922 shares in the last quarter. Finally, Gradient Investments LLC boosted its holdings in shares of Exxon Mobil by 3.9% in the 2nd quarter. Gradient Investments LLC now owns 140,523 shares of the oil and gas company's stock valued at $15,148,000 after purchasing an additional 5,241 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM stock opened at $112.21 on Monday. The stock has a 50-day moving average price of $110.55 and a 200-day moving average price of $109.14. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market cap of $478.38 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period last year, the company posted $2.14 EPS. The business's quarterly revenue was down 12.4% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Bank of America increased their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Piper Sandler increased their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Finally, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $124.81.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company's stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.