Greenleaf Trust Sells 16,671 Shares of Exxon Mobil Corporation $XOM

Key Points

• Greenleaf Trust has reduced its stake in Exxon Mobil by 14.0%, selling 16,671 shares, and now holds 102,512 shares valued at $11,051,000.
• Wall Street analysts have mostly issued a consensus rating of "Hold" for Exxon Mobil, with varying price targets ranging from $120.00 to $135.00.
• Exxon Mobil announced a quarterly dividend of $0.99, resulting in an annualized dividend yield of 3.5%, with a payout ratio of 56.25%.

Greenleaf Trust trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 102,512 shares of the oil and gas company's stock after selling 16,671 shares during the period. Greenleaf Trust's holdings in Exxon Mobil were worth $11,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. XML Financial LLC boosted its stake in shares of Exxon Mobil by 2.1% in the 2nd quarter. XML Financial LLC now owns 50,992 shares of the oil and gas company's stock worth $5,497,000 after buying an additional 1,026 shares during the last quarter. Presper Financial Architects LLC bought a new stake in Exxon Mobil during the second quarter worth $490,000. Sterling Investment Advisors Ltd. grew its stake in Exxon Mobil by 2.4% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 39,263 shares of the oil and gas company's stock valued at $4,233,000 after purchasing an additional 917 shares during the period. Gleason Group Inc. grew its stake in Exxon Mobil by 0.9% in the 2nd quarter. Gleason Group Inc. now owns 16,691 shares of the oil and gas company's stock valued at $1,799,000 after purchasing an additional 156 shares during the period. Finally, Raleigh Capital Management Inc. increased its position in shares of Exxon Mobil by 13.1% during the 2nd quarter. Raleigh Capital Management Inc. now owns 24,669 shares of the oil and gas company's stock valued at $2,659,000 after purchasing an additional 2,856 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. TD Cowen increased their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Morgan Stanley boosted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Bank of America increased their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Hold" and a consensus price target of $125.00.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.04 on Thursday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock's 50-day simple moving average is $111.09 and its 200 day simple moving average is $109.58. 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 $477.64 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51.

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

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

About Exxon Mobil

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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