Security National Trust Co. Cuts Stake in Exxon Mobil Co. (XOM)

Security National Trust Co. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.9% in the third quarter, HoldingsChannel.com reports. The fund owned 132,651 shares of the oil and gas company’s stock after selling 5,435 shares during the period. Exxon Mobil comprises approximately 3.6% of Security National Trust Co.’s portfolio, making the stock its biggest holding. Security National Trust Co.’s holdings in Exxon Mobil were worth $10,873,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of XOM. Vanguard Group Inc. lifted its holdings in shares of Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Exxon Mobil by 136,463.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after acquiring an additional 7,134,305 shares during the period. Harbour Capital Advisors LLC lifted its holdings in shares of Exxon Mobil by 8,029.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after acquiring an additional 3,695,728 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Exxon Mobil by 22.6% during the 3rd quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock worth $1,132,860,000 after acquiring an additional 2,546,570 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Exxon Mobil by 365.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,658,225 shares of the oil and gas company’s stock worth $214,591,000 after acquiring an additional 2,087,165 shares during the period. 51.29% of the stock is owned by institutional investors.

In other news, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the sale, the vice president now directly owns 229,774 shares in the company, valued at $19,073,539.74. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the sale, the vice president now owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The disclosure for this sale can be found here. Insiders have sold 51,357 shares of company stock valued at $4,273,910 in the last ninety days. Insiders own 0.08% of the company’s stock.

Exxon Mobil Co. (XOM) opened at $76.54 on Monday. The stock has a market cap of $324,310.00, a price-to-earnings ratio of 16.53, a PEG ratio of 1.03 and a beta of 0.82. Exxon Mobil Co. has a 52 week low of $73.90 and a 52 week high of $89.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. Exxon Mobil’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. sell-side analysts forecast that Exxon Mobil Co. will post 4.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s payout ratio is currently 66.52%.

A number of analysts have recently weighed in on the stock. HSBC reaffirmed a “sell” rating and set a $70.00 price target on shares of Exxon Mobil in a report on Thursday. Barclays downgraded shares of Exxon Mobil from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $91.00 to $84.00 in a research note on Tuesday, February 6th. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.50 price objective for the company in a research note on Monday, February 5th. Jefferies Group reissued a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Credit Suisse Group dropped their price objective on shares of Exxon Mobil from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, February 5th. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $87.02.

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Exxon Mobil Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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