Exxon Mobil Corporation $XOM Shares Bought by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

Key Points

• Farmers & Merchants Trust Co of Long Beach increased its holdings in Exxon Mobil Corporation by 11.3% during the second quarter, owning a total of 57,811 shares worth approximately $6.2 million.
• Exxon Mobil reported a net margin of 9.17% and exceeded analysts' earnings per share estimates by $0.17 in its recent quarterly earnings.
• The company declared a quarterly dividend of $0.99 per share, yielding 3.5%, with a payout ratio of 56.25%.

FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,811 shares of the oil and gas company's stock after purchasing an additional 5,888 shares during the quarter. Exxon Mobil comprises 1.3% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH's investment portfolio, making the stock its 16th biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Exxon Mobil were worth $6,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC raised its stake in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $38,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Morgan Stanley boosted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. UBS Group upped their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Trading Down 1.3%

NYSE XOM opened at $112.78 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm's fifty day moving average price is $111.04 and its 200 day moving average price is $109.57. The company has a market capitalization of $480.81 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio is currently 56.25%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The shares were 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. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil 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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