Laird Norton Trust Company LLC Has $8.23 Million Position in Exxon Mobil Co. (NYSE:XOM)

Laird Norton Trust Company LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,700 shares of the oil and gas company’s stock after selling 454 shares during the period. Exxon Mobil comprises about 0.8% of Laird Norton Trust Company LLC’s investment portfolio, making the stock its 12th biggest holding. Laird Norton Trust Company LLC’s holdings in Exxon Mobil were worth $8,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Guardian Wealth Management Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at $30,000. Horan Securities Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at $31,000. West Bancorporation Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at $32,000. Nvwm LLC raised its holdings in shares of Exxon Mobil by 100.0% during the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. raised its holdings in Exxon Mobil by 454.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,147 shares of company stock worth $698,858 over the last ninety days. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Cowen lifted their target price on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Barclays lifted their target price on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Bank of America lifted their target price on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Finally, StockNews.com downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.40.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $88.45 on Friday. The firm has a market cap of $372.60 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09. Exxon Mobil Co. has a twelve month low of $52.10 and a twelve month high of $105.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The firm’s 50-day simple moving average is $90.93 and its 200-day simple moving average is $85.91.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s revenue for the quarter was up 70.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 12.35 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a yield of 3.98%. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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