First Bank & Trust Sells 10,223 Shares of ExxonMobil Corporation $XOM

Key Points

• First Bank & Trust reduced its ExxonMobil stake by 29.9% in the second quarter, selling 10,223 shares and retaining 23,926 shares valued at approximately $3.27 million.
• Institutional ownership remains substantial at 61.8%, with several major investors increasing their XOM holdings during recent quarters.
• Analysts have a consensus “Hold” rating with an average price target of $163.29. ExxonMobil recently reported $3.52 in quarterly EPS, slightly below estimates, and declared a $1.03 quarterly dividend, representing a 2.6% yield.

First Bank & Trust trimmed its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 29.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,926 shares of the oil and gas company's stock after selling 10,223 shares during the quarter. First Bank & Trust's holdings in ExxonMobil were worth $3,271,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of XOM. Assetmark Inc. boosted its holdings in shares of ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock valued at $83,525,000 after purchasing an additional 37,666 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of ExxonMobil by 2.3% during the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company's stock worth $126,166,000 after buying an additional 23,668 shares in the last quarter. Midwest Trust Co lifted its position in shares of ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock worth $120,623,000 after buying an additional 26,411 shares during the last quarter. King Luther Capital Management Corp boosted its stake in ExxonMobil by 2.4% in the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company's stock valued at $200,366,000 after buying an additional 38,492 shares in the last quarter. Finally, Valpey Financial Services LLC boosted its stake in ExxonMobil by 12,037.6% in the fourth quarter. Valpey Financial Services LLC now owns 476,400 shares of the oil and gas company's stock valued at $57,330,000 after buying an additional 472,475 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Mizuho dropped their target price on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, July 9th. Weiss Ratings raised shares of ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. HSBC set a $158.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. Zacks Research lowered shares of ExxonMobil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $182.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, ExxonMobil has a consensus rating of "Hold" and an average price target of $163.29.

ExxonMobil Stock Performance

NYSE:XOM opened at $159.46 on Tuesday. The stock has a market cap of $660.95 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average is $146.33 and its 200-day moving average is $149.85. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter last year, the business earned $1.64 EPS. Equities research analysts anticipate that ExxonMobil Corporation will post 12.34 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil's payout ratio is currently 53.02%.

ExxonMobil Profile

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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