Stock Yards Bank & Trust Co. Lowers Holdings in Exxon Mobil Corporation $XOM

Key Points

• Stock Yards Bank & Trust Co. reduced its holdings in Exxon Mobil by 3.1%, selling 8,139 shares during the second quarter, leaving it with 258,378 shares valued at approximately $27.85 million.
• Insider selling was noted, with VP Darrin L. Talley selling 2,158 shares at an average price of $110.45, marking a 13.5% decrease in his ownership.
• Exxon Mobil's stock has a current average rating of Hold with a consensus target price of $125.00, reflecting a mixed forecast from various analysts.

Stock Yards Bank & Trust Co. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 258,378 shares of the oil and gas company's stock after selling 8,139 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Exxon Mobil were worth $27,853,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Axis Wealth Partners LLC raised its stake in shares of Exxon Mobil by 1.8% during the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock worth $545,000 after buying an additional 90 shares in the last quarter. Park Edge Advisors LLC raised its position in Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock worth $3,453,000 after acquiring an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its holdings in Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after acquiring an additional 91 shares during the period. Chapin Davis Inc. lifted its holdings in Exxon Mobil by 2.1% in the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after acquiring an additional 93 shares during the period. Finally, Gagnon Securities LLC boosted its position in shares of Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction that occurred 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 transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XOM. Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a report on Saturday, September 27th. Mizuho dropped their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $113.25 on Monday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a market capitalization of $482.81 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.06 and a beta of 0.51. The stock has a fifty day moving average of $111.15 and a two-hundred day moving average of $109.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.14 earnings per share. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 of this dividend was Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

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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