Legacy Private Trust Co. Buys 3,922 Shares of Exxon Mobil Corporation $XOM

Legacy Private Trust Co. boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 13.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,029 shares of the oil and gas company’s stock after buying an additional 3,922 shares during the quarter. Legacy Private Trust Co.’s holdings in Exxon Mobil were worth $3,561,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter valued at $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the 1st quarter worth $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the 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 completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on XOM shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Bank of America boosted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Finally, Piper Sandler upped their target price on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $124.81.

Exxon Mobil Trading Up 0.1%

NYSE XOM opened at $112.21 on Monday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a 50 day moving average price of $110.55 and a 200 day moving average price of $109.14. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $478.38 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 9.17% and a return on equity of 11.34%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.14 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

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.