Exxon Mobil Co. (NYSE:XOM) is First Financial Corp IN's 10th Largest Position - Mayfield Recorder

First Financial Corp IN cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,130 shares of the oil and gas company’s stock after selling 1,504 shares during the quarter. Exxon Mobil makes up about 1.9% of First Financial Corp IN’s holdings, making the stock its 10th biggest holding. First Financial Corp IN’s holdings in Exxon Mobil were worth $2,309,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC grew its position in Exxon Mobil by 625.3% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 469 shares during the last quarter. INR Advisory Services LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at about $43,000. Evolution Wealth Advisors LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $45,000. Interactive Financial Advisors purchased a new stake in Exxon Mobil during the 1st quarter valued at about $65,000. Finally, Thor Advisors LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at about $69,000. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.

Shares of NYSE:XOM opened at $69.03 on Wednesday. The firm’s 50 day moving average price is $73.57 and its 200-day moving average price is $76.76. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $288.98 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.97 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 3.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

XOM has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a research report on Friday, August 2nd. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and cut their price objective for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Bank of America reissued a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research report on Monday, August 5th. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Morgan Stanley dropped their price target on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $82.18.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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https://mayfieldrecorder.com/2019/08/21/exxon-mobil-co-nysexom-shares-sold-by-first-financial-corp-in.html

2019-08-21 06:54:08Z
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