Union Savings Bank Sells 426 Shares of Exxon Mobil Co. (NYSE:XOM)

Union Savings Bank trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,205 shares of the oil and gas company’s stock after selling 426 shares during the quarter. Exxon Mobil comprises about 1.0% of Union Savings Bank’s investment portfolio, making the stock its 17th largest holding. Union Savings Bank’s holdings in Exxon Mobil were worth $1,865,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter valued at about $25,000. First Pacific Financial acquired a new position in shares of Exxon Mobil during the first quarter valued at about $34,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. POM Investment Strategies LLC boosted its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Partnership Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.05 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The business’s 50 day moving average is $116.02 and its two-hundred day moving average is $114.67. The company has a market capitalization of $449.70 billion, a P/E ratio of 13.98, a P/E/G ratio of 4.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. Analysts expect that Exxon Mobil Co. will post 8.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.33%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. UBS Group upped their target price on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Wolfe Research initiated coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.29.

About Exxon Mobil

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.