Arrow Financial Corp Reduces Position in Exxon Mobil Corporation (XOM)

Arrow Financial Corp decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,462 shares of the company’s stock after selling 1,515 shares during the period. Exxon Mobil Corporation accounts for about 1.6% of Arrow Financial Corp’s holdings, making the stock its 13th largest position. Arrow Financial Corp’s holdings in Exxon Mobil Corporation were worth $6,412,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Rockland Trust Co. raised its stake in Exxon Mobil Corporation by 5.4% in the third quarter. Rockland Trust Co. now owns 127,632 shares of the company’s stock valued at $11,140,000 after buying an additional 6,494 shares in the last quarter. Northpointe Capital LLC raised its stake in Exxon Mobil Corporation by 4.5% in the third quarter. Northpointe Capital LLC now owns 131,432 shares of the company’s stock valued at $11,471,000 after buying an additional 5,689 shares in the last quarter. BB&T Corp raised its stake in Exxon Mobil Corporation by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock valued at $89,332,000 after buying an additional 148,235 shares in the last quarter. Kessler Investment Group LLC raised its stake in Exxon Mobil Corporation by 7.8% in the third quarter. Kessler Investment Group LLC now owns 33,551 shares of the company’s stock valued at $2,928,000 after buying an additional 2,428 shares in the last quarter. Finally, Concannon Wealth Management LLC raised its stake in Exxon Mobil Corporation by 0.5% in the second quarter. Concannon Wealth Management LLC now owns 5,399 shares of the company’s stock valued at $506,000 after buying an additional 27 shares in the last quarter. 49.95% of the stock is owned by hedge funds and other institutional investors.

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

Exxon Mobil Corporation (NYSE:XOM) traded up 0.8613% during trading on Wednesday, reaching $86.6701. The company’s stock had a trading volume of 5,467,769 shares. Exxon Mobil Corporation has a 52 week low of $71.55 and a 52 week high of $95.55. The company has a market cap of $359.39 billion, a P/E ratio of 40.5759 and a beta of 0.89. The company’s 50 day moving average price is $88.98 and its 200 day moving average price is $88.18.

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

WARNING: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another publication, it was stolen and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://sportsperspectives.com/2017/01/11/arrow-financial-corp-reduces-position-in-exxon-mobil-corporation-xom.html.

XOM has been the subject of several research reports. RBC Capital Markets set a $98.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Thursday, October 13th. Wells Fargo & Company reissued a “buy” rating and set a $98.00 price objective (down from $108.50) on shares of Exxon Mobil Corporation in a research note on Tuesday, September 20th. Vetr raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $90.31 price objective for the company in a research note on Tuesday, September 13th. Barclays PLC reissued an “equal weight” rating and set a $100.00 price objective on shares of Exxon Mobil Corporation in a research note on Monday, October 10th. Finally, Bank of America Corporation set a $100.00 price objective on Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Monday, October 10th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Exxon Mobil Corporation has an average rating of “Hold” and an average target price of $87.25.

In related news, VP Neil A. Chapman sold 16,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total value of $1,392,000.00. Following the completion of the transaction, the vice president now directly owns 222,299 shares of the company’s stock, valued at approximately $19,340,013. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Bryan W. Milton sold 10,952 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $87.42, for a total transaction of $957,423.84. Following the completion of the transaction, the vice president now directly owns 176,330 shares of the company’s stock, valued at $15,414,768.60. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by 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.

5 Day Chart for NYSE:XOM

Receive News & Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply