Tompkins Financial Corp Has $17.75 Million Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Tompkins Financial Corp has reduced its stake in Exxon Mobil Corporation by 5.2% during the second quarter, bringing their total shares to 164,610, valued at approximately $17.75 million.
• Multiple hedge funds, including Farmers & Merchants Trust Co and Signal Advisors Wealth LLC, have recently increased their holdings in Exxon Mobil, reflecting growing investor interest.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, resulting in a 3.5% dividend yield and noting its dividend payout ratio is currently at 56.25%.

Tompkins Financial Corp cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 164,610 shares of the oil and gas company's stock after selling 9,022 shares during the period. Exxon Mobil accounts for about 1.6% of Tompkins Financial Corp's holdings, making the stock its 13th biggest position. Tompkins Financial Corp's holdings in Exxon Mobil were worth $17,745,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Journey Strategic Wealth LLC raised its stake in Exxon Mobil by 6.7% during the first 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 lifted its position in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after buying an additional 131,600 shares in the last quarter. Legacy Trust raised its holdings in shares of Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after purchasing an additional 997 shares in the last quarter. Hartford Funds Management Co LLC raised its holdings in shares of Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. raised its holdings in shares of Exxon Mobil by 23.9% during the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock valued at $11,561,000 after purchasing an additional 18,752 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 1.0%

Exxon Mobil stock traded down $1.11 during trading on Friday, reaching $112.82. 38,732,208 shares of the company were exchanged, compared to its average volume of 13,609,037. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market capitalization of $480.98 billion, a P/E ratio of 16.03, a PEG ratio of 2.06 and a beta of 0.57. The stock's 50 day simple moving average is $110.54 and its two-hundred day simple moving average is $109.34.

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, topping 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 return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 EPS. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on XOM shares. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. 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 research note on Monday, September 15th. Melius Research began coverage on shares of Exxon Mobil in a 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 report on Friday, July 11th. Finally, Bank of America increased their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $124.76.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by company 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.