The Exxon Mobil Corporation (XOM) Position Cut by Adirondack Trust Co.

The Exxon Mobil Corporation (XOM) Position Cut by Adirondack Trust Co.

Adirondack Trust Co. decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,486 shares of the company’s stock after selling 915 shares during the period. Exxon Mobil Corporation comprises approximately 2.5% of Adirondack Trust Co.’s holdings, making the stock its 6th largest position. Adirondack Trust Co.’s holdings in Exxon Mobil Corporation were worth $3,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BB&T Corp raised its position in shares of Exxon Mobil Corporation by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock worth $89,332,000 after buying an additional 148,235 shares during the last quarter. Kessler Investment Group LLC raised its position in shares of Exxon Mobil Corporation by 7.8% in the third quarter. Kessler Investment Group LLC now owns 33,551 shares of the company’s stock worth $2,928,000 after buying an additional 2,428 shares during the last quarter. Concannon Wealth Management LLC raised its position in shares of Exxon Mobil Corporation by 0.5% in the second quarter. Concannon Wealth Management LLC now owns 5,399 shares of the company’s stock worth $506,000 after buying an additional 27 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Exxon Mobil Corporation by 14.7% in the second quarter. Shell Asset Management Co. now owns 867,880 shares of the company’s stock worth $81,355,000 after buying an additional 111,027 shares during the last quarter. Finally, Eagle Global Advisors LLC raised its position in shares of Exxon Mobil Corporation by 5.7% in the second quarter. Eagle Global Advisors LLC now owns 149,569 shares of the company’s stock worth $14,021,000 after buying an additional 8,014 shares during the last quarter. Hedge funds and other institutional investors own 49.95% of the company’s stock.

Exxon Mobil Corporation (NYSE:XOM) traded down 1.29% on Wednesday, hitting $86.23. 4,699,220 shares of the stock were exchanged. The firm has a market cap of $357.57 billion, a PE ratio of 40.37 and a beta of 0.89. Exxon Mobil Corporation has a 52-week low of $71.55 and a 52-week high of $95.55. The company has a 50-day moving average price of $88.97 and a 200-day moving average price of $87.99.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, October 28th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. Exxon Mobil Corporation had a return on equity of 5.04% and a net margin of 3.98%. The company had revenue of $58.68 billion for the quarter, compared to analysts’ expectations of $61.34 billion. During the same period last year, the firm posted $1.01 earnings per share. Exxon Mobil Corporation’s revenue was down 12.9% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corporation will post $2.19 EPS for the current fiscal year.

A number of brokerages have recently commented on XOM. J P Morgan Chase & Co set a $94.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Monday, January 9th. Bank of America Corporation set a $100.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Monday, October 10th. Barclays PLC reissued an “equal weight” rating and issued a $100.00 price objective on shares of Exxon Mobil Corporation in a research report on Monday, October 10th. BNP Paribas set a $80.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, October 11th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Exxon Mobil Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $98.00 to $93.00 in a research report on Monday, October 31st. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Exxon Mobil Corporation presently has an average rating of “Hold” and a consensus price target of $87.52.

In other news, VP Dennis G. Wascom sold 4,400 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $92.00, for a total value of $404,800.00. Following the transaction, the vice president now owns 183,765 shares of the company’s stock, valued at $16,906,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert N. Schleckser sold 5,339 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $86.89, for a total value of $463,905.71. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

About Exxon Mobil Corporation

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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