Peoples Financial Services CORP. Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Peoples Financial Services CORP. lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,781 shares of the oil and gas company’s stock after selling 971 shares during the quarter. Exxon Mobil makes up 2.2% of Peoples Financial Services CORP.’s holdings, making the stock its 9th biggest position. Peoples Financial Services CORP.’s holdings in Exxon Mobil were worth $4,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Your Advocates Ltd. LLP lifted its position in Exxon Mobil by 0.7% in the 1st quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company’s stock worth $1,335,000 after buying an additional 86 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its stake in shares of Exxon Mobil by 0.8% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock worth $1,237,000 after acquiring an additional 87 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Exxon Mobil by 1.4% in the 1st quarter. Revolve Wealth Partners LLC now owns 6,555 shares of the oil and gas company’s stock worth $719,000 after acquiring an additional 92 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of Exxon Mobil by 1.2% in the 1st quarter. Rosenberg Matthew Hamilton now owns 8,259 shares of the oil and gas company’s stock valued at $906,000 after purchasing an additional 95 shares in the last quarter. Finally, Darwin Wealth Management LLC grew its holdings in shares of Exxon Mobil by 2.3% during the 1st quarter. Darwin Wealth Management LLC now owns 4,283 shares of the oil and gas company’s stock valued at $491,000 after purchasing an additional 95 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Wednesday, July 19th. UBS Group increased their target price on Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $100.00 to $105.00 in a research report on Thursday, August 31st. Finally, StockNews.com assumed coverage on shares of Exxon Mobil in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.78.

Insider Activity

In related news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the sale, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey W. Ubben bought 458,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now directly owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Up 0.8 %

NYSE XOM opened at $117.69 on Tuesday. The firm has a market capitalization of $471.14 billion, a PE ratio of 9.42, a P/E/G ratio of 0.61 and a beta of 1.08. The stock’s 50 day moving average is $108.65 and its 200 day moving average is $108.49. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business’s quarterly revenue was down 28.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.14 EPS. Research analysts forecast that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is 29.12%.

Exxon Mobil Company Profile

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.