Adirondack Trust Co. Reduces Stake in Exxon Mobil Corporation (XOM)

Adirondack Trust Co. reduced its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 11.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,676 shares of the oil and gas company’s stock after selling 4,561 shares during the quarter. Exxon Mobil makes up approximately 2.4% of Adirondack Trust Co.’s holdings, making the stock its 8th biggest position. Adirondack Trust Co.’s holdings in Exxon Mobil were worth $2,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crescent Grove Advisors LLC acquired a new position in shares of Exxon Mobil in the second quarter worth approximately $613,000. Mondrian Investment Partners LTD bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $8,399,000. First Trust Advisors LP increased its holdings in shares of Exxon Mobil by 340.8% during the second quarter. First Trust Advisors LP now owns 2,426,808 shares of the oil and gas company’s stock valued at $195,916,000 after acquiring an additional 1,876,293 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Exxon Mobil by 3.1% during the second quarter. Arizona State Retirement System now owns 1,408,225 shares of the oil and gas company’s stock valued at $113,686,000 after acquiring an additional 42,183 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in shares of Exxon Mobil by 3.3% during the second quarter. Foundry Partners LLC now owns 191,510 shares of the oil and gas company’s stock valued at $15,461,000 after acquiring an additional 6,175 shares in the last quarter. 51.18% of the stock is owned by institutional investors.

In other news, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. Insiders sold a total of 42,513 shares of company stock worth $3,465,657 over the last three months. Corporate insiders own 0.08% of the company’s stock.

Shares of Exxon Mobil Corporation (NYSE XOM) traded down $0.61 on Wednesday, hitting $82.28. The stock had a trading volume of 13,398,741 shares, compared to its average volume of 10,962,292. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a market cap of $354,094.94, a price-to-earnings ratio of 23.48, a PEG ratio of 1.75 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the prior year, the firm earned $0.63 EPS. research analysts forecast that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s dividend payout ratio is presently 100.33%.

XOM has been the topic of several research analyst reports. TheStreet raised Exxon Mobil from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Barclays set a $94.00 target price on Exxon Mobil and gave the stock a “buy” rating in a research note on Monday, August 21st. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 target price on the stock in a research note on Thursday, August 17th. Societe Generale set a $95.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, September 18th. Finally, Cowen reiterated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 19th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $86.14.

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About Exxon Mobil

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 (NYSE:XOM)

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