Adirondack Trust Co. grew its position in Exxon Mobil Co. (NYSE:XOM) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,160 shares of the oil and gas company’s stock after acquiring an additional 1,175 shares during the period. Exxon Mobil comprises approximately 2.0% of Adirondack Trust Co.’s investment portfolio, making the stock its 12th biggest position. Adirondack Trust Co.’s holdings in Exxon Mobil were worth $2,904,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Kwmg LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $102,000. Mainstay Capital Management LLC ADV raised its holdings in Exxon Mobil by 112.7% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,000 shares during the last quarter. Winfield Associates Inc. acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $160,000. Smart Portfolios LLC raised its holdings in Exxon Mobil by 97.8% in the 2nd quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $197,000. Institutional investors and hedge funds own 53.18% of the company’s stock.
Exxon Mobil stock opened at $71.72 on Monday. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $89.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54. The company has a market capitalization of $306.88 billion, a PE ratio of 19.98, a PEG ratio of 1.95 and a beta of 0.92.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The business had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 4.64 earnings per share for the current fiscal year.
XOM has been the subject of a number of recent research reports. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a report on Monday, October 8th. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Monday, October 1st. HSBC reiterated a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil in a report on Wednesday, October 17th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $81.00 price objective on shares of Exxon Mobil in a report on Monday, November 19th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.33.
In related news, VP Robert N. Schleckser sold 7,855 shares of the stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $78.91, for a total transaction of $619,838.05. Following the completion of the transaction, the vice president now owns 207,940 shares of the company’s stock, valued at approximately $16,408,545.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Neil A. Hansen sold 2,798 shares of the stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $76.81, for a total transaction of $214,914.38. Following the transaction, the vice president now directly owns 32,800 shares of the company’s stock, valued at approximately $2,519,368. The disclosure for this sale can be found here. In the last three months, insiders sold 58,587 shares of company stock valued at $4,507,808. Corporate insiders own 0.08% of the company’s stock.
About Exxon Mobil
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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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