Exxon Mobil Corporation $XOM Shares Acquired by Trust Co. of Toledo NA OH

Key Points

• Trust Co. of Toledo NA OH increased its stake in Exxon Mobil by 6.0%, holding 79,563 shares valued at approximately $8.58 million by the end of the reporting period.
• Exxon Mobil's stock has received multiple upgrades from analysts, with price targets ranging from $120 to $145 and an overall rating of "Moderate Buy."
• The company recently declared a quarterly dividend of $0.99 per share, yielding 3.5% annually, with a dividend payout ratio of 56.25%.

Trust Co. of Toledo NA OH grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,563 shares of the oil and gas company's stock after acquiring an additional 4,526 shares during the quarter. Exxon Mobil comprises approximately 0.9% of Trust Co. of Toledo NA OH's investment portfolio, making the stock its 22nd biggest position. Trust Co. of Toledo NA OH's holdings in Exxon Mobil were worth $8,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. GAMMA Investing LLC increased its stake in shares of Exxon Mobil by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock worth $9,458,000 after acquiring an additional 13,582 shares during the last quarter. Eagle Capital Management LLC increased its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after acquiring an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. acquired a new stake in shares of Exxon Mobil in the 1st quarter worth $200,000. Brucke Financial Inc. increased its stake in shares of Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company's stock worth $808,000 after acquiring an additional 142 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Exxon Mobil by 9.9% during the 1st quarter. Sound Income Strategies LLC now owns 20,081 shares of the oil and gas company's stock worth $2,388,000 after purchasing an additional 1,817 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Bank of America boosted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, UBS Group boosted their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $126.05.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.11 on Tuesday. The stock has a 50-day simple moving average of $111.42 and a 200-day simple moving average of $109.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market capitalization of $477.97 billion, a PE ratio of 15.93, a PEG ratio of 2.00 and a beta of 0.51. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. 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.

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