Glenview Trust co Has $34.28 Million Position in Exxon Mobil Corporation $XOM

Key Points

• Glenview Trust Co increased its stake in Exxon Mobil Corporation by 3.0% during the first quarter, now owning 288,192 shares valued at approximately $34.3 million.
• Exxon Mobil reported earnings of $1.64 per share for the last quarter, exceeding analyst expectations of $1.47, with total revenue reaching $81.51 billion.
• The company announced a quarterly dividend of $0.99, yielding 3.6% annually, with the ex-dividend date set for August 15th.

Glenview Trust co lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 288,192 shares of the oil and gas company's stock after purchasing an additional 8,376 shares during the period. Glenview Trust co's holdings in Exxon Mobil were worth $34,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd lifted 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 purchasing an additional 238 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 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 filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

NYSE:XOM traded down $0.24 during trading hours on Thursday, hitting $112.26. 11,532,749 shares of the company traded hands, compared to its average volume of 14,239,243. The stock has a market capitalization of $478.59 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a 50-day moving average of $110.55 and a 200 day moving average of $109.14. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Piper Sandler raised their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $124.81.

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.