Dorsey & Whitney Trust CO LLC Acquires 4,011 Shares of Exxon Mobil Corporation $XOM

Key Points

• Dorsey & Whitney Trust CO LLC increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 14.1% after acquiring an additional 4,011 shares, reaching a total holding of 32,543 shares valued at approximately $3.87 million.
• Exxon Mobil reported a Q2 earnings per share of $1.64, surpassing analysts' expectations, but its revenue declined by 12.4% year-over-year, totaling $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, resulting in an annualized yield of 3.7%, with a payout ratio of 56.25%.

Dorsey & Whitney Trust CO LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 32,543 shares of the oil and gas company's stock after acquiring an additional 4,011 shares during the quarter. Dorsey & Whitney Trust CO LLC's holdings in Exxon Mobil were worth $3,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil during the 4th quarter worth $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil during the 1st quarter worth $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares during the period. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen downgraded Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Saturday. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $125.84.

Exxon Mobil Stock Performance

NYSE:XOM opened at $107.3140 on Wednesday. The business's 50-day moving average price is $110.29 and its two-hundred day moving average price is $108.87. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market cap of $457.51 billion, a P/E ratio of 15.24, a PEG ratio of 2.00 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter last year, the firm posted $2.14 EPS. The company's revenue was down 12.4% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

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.