Farmers & Merchants Trust Co of Chambersburg PA Buys 5,025 Shares of Exxon Mobil Corporation $XOM

Key Points

• Farmers & Merchants Trust Co increased its holdings in Exxon Mobil Corporation by 56% during the second quarter, acquiring an additional 5,025 shares for a total worth of $1.51 million.
• Exxon Mobil reported a net revenue of $81.51 billion for the last quarter, exceeding analyst expectations, but down 12.4% year-over-year, with an earnings per share of $1.64.
• The company recently paid a quarterly dividend of $0.99 per share, showing a dividend yield of 3.5%, with a payout ratio of 56.25%.

Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 56.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,995 shares of the oil and gas company's stock after purchasing an additional 5,025 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA's holdings in Exxon Mobil were worth $1,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Journey Strategic Wealth LLC grew its holdings in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after acquiring an additional 1,379 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock valued at $45,149,000 after purchasing an additional 131,600 shares in the last quarter. Legacy Trust grew its stake in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after purchasing an additional 997 shares during the period. Hartford Funds Management Co LLC increased its holdings in Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. increased its holdings in Exxon Mobil by 23.9% in the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after purchasing an additional 18,752 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Down 1.2%

Exxon Mobil stock opened at $113.94 on Friday. The firm has a market capitalization of $485.77 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 2.10 and a beta of 0.57. The firm's fifty day moving average price is $110.59 and its two-hundred day moving average price is $109.27. 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.

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

Exxon Mobil Announces Dividend

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. 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 is 56.25%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 transaction, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale 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.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. 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. Finally, Bank of America increased their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $124.76.

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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