Exxon Mobil Co. (NYSE:XOM) is First Midwest Bank Trust Division’s 10th Largest Position

First Midwest Bank Trust Division lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 134,262 shares of the oil and gas company’s stock after selling 6,314 shares during the quarter. Exxon Mobil makes up 1.4% of First Midwest Bank Trust Division’s holdings, making the stock its 10th biggest holding. First Midwest Bank Trust Division’s holdings in Exxon Mobil were worth $9,480,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sigma Investment Counselors Inc. grew its position in Exxon Mobil by 0.4% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock worth $2,745,000 after purchasing an additional 142 shares in the last quarter. Riverstone Advisors LLC grew its position in Exxon Mobil by 0.5% in the 2nd quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock worth $2,349,000 after purchasing an additional 142 shares in the last quarter. Alpha Windward LLC grew its position in Exxon Mobil by 3.1% in the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock worth $364,000 after purchasing an additional 144 shares in the last quarter. Saratoga Research & Investment Management grew its position in Exxon Mobil by 4.1% in the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 145 shares in the last quarter. Finally, Jupiter Wealth Management LLC grew its position in shares of Exxon Mobil by 0.4% during the 2nd quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock valued at $3,073,000 after acquiring an additional 145 shares during the period. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

NYSE XOM traded down $1.37 during trading hours on Friday, reaching $70.77. 11,673,915 shares of the company’s stock traded hands, compared to its average volume of 11,457,568. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $83.49. The firm has a market cap of $309.25 billion, a PE ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. The firm has a 50-day simple moving average of $69.60 and a 200 day simple moving average of $72.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. Exxon Mobil’s revenue was down 15.1% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 2.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.48 annualized dividend and a yield of 4.92%. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

A number of research firms have recently weighed in on XOM. Barclays assumed coverage on shares of Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 target price for the company. UBS Group cut their price objective on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Berenberg Bank reaffirmed a “neutral” rating and issued a $63.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Morgan Stanley lowered their target price on shares of Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research note on Friday, September 27th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $78.91.

Exxon Mobil Company Profile

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

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