Exxon Mobil Corporation (XOM) Shares Sold by Bremer Trust National Association

Bremer Trust National Association decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,688 shares of the oil and gas company’s stock after selling 569 shares during the quarter. Bremer Trust National Association’s holdings in Exxon Mobil Corporation were worth $2,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after purchasing an additional 15,740,895 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock valued at $1,567,780,000 after purchasing an additional 1,150,881 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock valued at $976,677,000 after purchasing an additional 51,810 shares during the period. Fisher Asset Management LLC grew its position in shares of Exxon Mobil Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 4,703,805 shares of the oil and gas company’s stock valued at $385,759,000 after purchasing an additional 47,545 shares during the period. Finally, State of Wisconsin Investment Board grew its position in shares of Exxon Mobil Corporation by 11.1% in the first quarter. State of Wisconsin Investment Board now owns 3,917,301 shares of the oil and gas company’s stock valued at $321,258,000 after purchasing an additional 390,779 shares during the period. Institutional investors and hedge funds own 50.74% of the company’s stock.

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Shares of Exxon Mobil Corporation (XOM) traded down 0.15% during midday trading on Monday, reaching $79.95. 2,871,761 shares of the company traded hands. The stock has a market capitalization of $338.76 billion, a price-to-earnings ratio of 28.82 and a beta of 0.82. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.21. The company’s 50 day moving average is $78.36 and its 200-day moving average is $80.83.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were issued a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.86%. Exxon Mobil Corporation’s payout ratio is 111.19%.

Several analysts have recently issued reports on the stock. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. UBS AG set a $75.00 target price on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Thursday, June 8th. Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Monday. Hilliard Lyons assumed coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 target price on the stock. Finally, Citigroup Inc. dropped their target price on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil Corporation has a consensus rating of “Hold” and a consensus price target of $84.65.

In related news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company’s stock.

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.

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

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