Exxon Mobil Corporation (XOM) Shares Bought by Legacy Capital Partners Inc.

Legacy Capital Partners Inc. raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,365 shares of the oil and gas company’s stock after purchasing an additional 1,370 shares during the period. Exxon Mobil Corporation accounts for 1.9% of Legacy Capital Partners Inc.’s portfolio, making the stock its 18th largest position. Legacy Capital Partners Inc.’s holdings in Exxon Mobil Corporation were worth $3,582,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Sky Investment Group LLC increased its position in shares of Exxon Mobil Corporation by 1.2% in the first quarter. Sky Investment Group LLC now owns 96,723 shares of the oil and gas company’s stock worth $7,932,000 after acquiring an additional 1,116 shares in the last quarter. Bright Rock Capital Management LLC increased its position in shares of Exxon Mobil Corporation by 11.5% in the first quarter. Bright Rock Capital Management LLC now owns 58,000 shares of the oil and gas company’s stock worth $4,757,000 after acquiring an additional 6,000 shares in the last quarter. First Hawaiian Bank increased its position in shares of Exxon Mobil Corporation by 1.5% in the first quarter. First Hawaiian Bank now owns 13,099 shares of the oil and gas company’s stock worth $1,074,000 after acquiring an additional 199 shares in the last quarter. City Holding Co. increased its position in shares of Exxon Mobil Corporation by 9.9% in the first quarter. City Holding Co. now owns 53,028 shares of the oil and gas company’s stock worth $4,349,000 after acquiring an additional 4,778 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Exxon Mobil Corporation by 2.4% in the first quarter. Huntington National Bank now owns 1,911,358 shares of the oil and gas company’s stock worth $156,751,000 after acquiring an additional 44,491 shares in the last quarter. 50.84% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.

Several research firms have recently issued reports on XOM. Goldman Sachs Group, Inc. (The) set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. HSBC Holdings plc lowered shares of Exxon Mobil Corporation from a “hold” rating to a “reduce” rating and dropped their price objective for the stock from $83.60 to $77.00 in a research report on Tuesday, November 7th. TheStreet raised shares of Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Wells Fargo & Company set a $84.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Thursday, October 26th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and a consensus price target of $85.57.

Shares of Exxon Mobil Corporation (XOM) opened at $82.89 on Tuesday. The firm has a market cap of $351,425.59, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. Exxon Mobil Corporation has a twelve month low of $76.05 and a twelve month high of $93.22. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.

Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same period in the prior year, the company earned $0.63 earnings per share. sell-side analysts anticipate that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.77 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.72%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 100.33%.

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About Exxon Mobil Corporation

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.

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

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