First United Bank & Trust Has $855,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

First United Bank & Trust reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 1.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,539 shares of the oil and gas company’s stock after selling 280 shares during the quarter. First United Bank & Trust’s holdings in Exxon Mobil were worth $855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bull Street Advisors LLC grew its stake in Exxon Mobil by 0.5% in the 2nd quarter. Bull Street Advisors LLC now owns 31,856 shares of the oil and gas company’s stock valued at $2,009,000 after buying an additional 170 shares during the last quarter. Salem Capital Management Inc. grew its stake in Exxon Mobil by 4.6% in the 2nd quarter. Salem Capital Management Inc. now owns 3,926 shares of the oil and gas company’s stock valued at $248,000 after buying an additional 174 shares during the last quarter. Capital Wealth Planning LLC grew its stake in Exxon Mobil by 0.8% in the 2nd quarter. Capital Wealth Planning LLC now owns 21,165 shares of the oil and gas company’s stock valued at $1,335,000 after buying an additional 175 shares during the last quarter. SMH Capital Advisors Inc. grew its stake in Exxon Mobil by 4.6% in the 2nd quarter. SMH Capital Advisors Inc. now owns 4,039 shares of the oil and gas company’s stock valued at $255,000 after buying an additional 176 shares during the last quarter. Finally, Madison Wealth Management grew its stake in Exxon Mobil by 1.7% in the 2nd quarter. Madison Wealth Management now owns 10,957 shares of the oil and gas company’s stock valued at $691,000 after buying an additional 179 shares during the last quarter. 51.66% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Michael J. Angelakis purchased 5,000 shares of Exxon Mobil stock in a transaction on Wednesday, November 3rd. The stock was acquired at an average cost of $64.00 per share, for a total transaction of $320,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.

A number of research analysts have issued reports on the stock. Credit Suisse Group restated a “neutral” rating on shares of Exxon Mobil in a research report on Thursday, October 21st. Exane BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research report on Monday, October 11th. The Goldman Sachs Group set a $71.00 price target on shares of Exxon Mobil in a report on Monday, November 1st. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price target for the company. in a report on Monday, October 11th. Finally, Wells Fargo & Company upped their price target on shares of Exxon Mobil from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 1st. Five analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average price target of $61.94.

NYSE:XOM opened at $63.48 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.58 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $268.75 billion, a price-to-earnings ratio of -45.67, a PEG ratio of 0.90 and a beta of 1.37. The firm has a fifty day simple moving average of $61.91 and a two-hundred day simple moving average of $59.90. Exxon Mobil Co. has a 12 month low of $37.97 and a 12 month high of $66.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Thursday, October 28th. The oil and gas company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.02. The business had revenue of $73.79 billion during the quarter, compared to analysts’ expectations of $72.05 billion. Exxon Mobil had a negative net margin of 2.39% and a positive return on equity of 8.66%. The business’s quarterly revenue was up 59.7% on a year-over-year basis. During the same period last year, the company posted ($0.18) earnings per share. Equities analysts predict that Exxon Mobil Co. will post 5.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Friday, November 12th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 5.55%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.87. The ex-dividend date is Wednesday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently -253.24%.

About Exxon Mobil

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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

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