Exxon Mobil Co. (XOM) Holdings Lifted by Sabal Trust CO

Sabal Trust CO grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,317 shares of the oil and gas company’s stock after acquiring an additional 6,710 shares during the quarter. Exxon Mobil accounts for 3.1% of Sabal Trust CO’s portfolio, making the stock its largest holding. Sabal Trust CO’s holdings in Exxon Mobil were worth $32,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Alley Co LLC increased its stake in shares of Exxon Mobil by 3.0% in the fourth quarter. Alley Co LLC now owns 62,812 shares of the oil and gas company’s stock valued at $5,254,000 after buying an additional 1,802 shares in the last quarter. Koch Industries Inc. increased its stake in shares of Exxon Mobil by 343.1% in the first quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock valued at $932,000 after buying an additional 9,676 shares in the last quarter. Eaton Vance Management increased its stake in shares of Exxon Mobil by 53.6% in the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after buying an additional 3,136,452 shares in the last quarter. First Financial Bank Trust Division increased its stake in shares of Exxon Mobil by 3.5% in the second quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock valued at $7,078,000 after buying an additional 2,883 shares in the last quarter. Finally, TLP Group LLC increased its stake in shares of Exxon Mobil by 2,160.1% in the first quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock valued at $317,000 after buying an additional 4,061 shares in the last quarter. 52.48% of the stock is owned by institutional investors.

In related news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is currently owned by company insiders.

A number of brokerages have recently weighed in on XOM. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Monday. Goldman Sachs Group restated a “neutral” rating and issued a $85.00 target price on shares of Exxon Mobil in a research note on Thursday, June 21st. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research report on Thursday, October 4th. Royal Bank of Canada set a $105.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, July 23rd. Finally, Barclays reiterated a “sell” rating and issued a $84.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 10th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.08.

NYSE:XOM opened at $86.13 on Tuesday. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. The stock has a market cap of $360.27 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The firm had revenue of $73.50 billion during the quarter, compared to analyst estimates of $71.66 billion. During the same period in the prior year, the business posted $0.78 EPS. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 4.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s dividend payout ratio is presently 91.36%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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

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