Trustco Bank Corp N Y Sells 597 Shares of Exxon Mobil Corporation $XOM

Trustco Bank Corp N Y trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.9% during the first quarter, HoldingsChannel.com reports. The fund owned 30,674 shares of the oil and gas company’s stock after selling 597 shares during the period. Exxon Mobil makes up approximately 4.0% of Trustco Bank Corp N Y’s holdings, making the stock its 7th largest holding. Trustco Bank Corp N Y’s holdings in Exxon Mobil were worth $3,648,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Axis Wealth Partners LLC increased its holdings in shares of Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after acquiring an additional 93 shares during the period. Gagnon Securities LLC increased its holdings in shares of Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after acquiring an additional 95 shares during the period. Ascent Capital Management LLC increased its holdings in shares of Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after acquiring an additional 96 shares during the period. DDD Partners LLC increased its holdings in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after acquiring an additional 96 shares during the period. Finally, Waypoint Wealth Partners Inc. grew its position in Exxon Mobil by 2.1% in the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company’s stock valued at $556,000 after buying an additional 96 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.1%

NYSE:XOM opened at $112.69 on Thursday. The company has a market capitalization of $480.41 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a fifty day simple moving average of $110.17 and a 200-day simple moving average of $108.95.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.14 EPS. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. UBS Group boosted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Mizuho decreased their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $125.00.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.