Moon Capital Management LLC cut its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,784 shares of the company’s stock after selling 348 shares during the period. Exxon Mobil Corporation makes up 1.5% of Moon Capital Management LLC’s portfolio, making the stock its 21st largest position. Moon Capital Management LLC’s holdings in Exxon Mobil Corporation were worth $1,116,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of XOM. Banced Corp increased its stake in shares of Exxon Mobil Corporation by 7.5% in the second quarter. Banced Corp now owns 2,832 shares of the company’s stock worth $210,000 after buying an additional 197 shares during the period. River & Mercantile Asset Management LLP increased its stake in shares of Exxon Mobil Corporation by 79.4% in the second quarter. River & Mercantile Asset Management LLP now owns 65,088 shares of the company’s stock worth $6,101,000 after buying an additional 28,800 shares during the period. Naples Global Advisors LLC increased its stake in shares of Exxon Mobil Corporation by 7.1% in the second quarter. Naples Global Advisors LLC now owns 8,968 shares of the company’s stock worth $841,000 after buying an additional 596 shares during the period. Ronna Sue Cohen increased its stake in shares of Exxon Mobil Corporation by 0.4% in the second quarter. Ronna Sue Cohen now owns 8,966 shares of the company’s stock worth $840,000 after buying an additional 34 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of Exxon Mobil Corporation by 4.7% in the second quarter. Capstone Asset Management Co. now owns 383,450 shares of the company’s stock worth $35,945,000 after buying an additional 17,177 shares during the period. 49.95% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.01% during mid-day trading on Friday, hitting $86.35. 8,415,603 shares of the stock were exchanged. The stock has a market capitalization of $358.07 billion, a P/E ratio of 40.43 and a beta of 0.89. The stock’s 50 day moving average price is $88.89 and its 200-day moving average price is $88.13. Exxon Mobil Corporation has a 12-month low of $71.55 and a 12-month high of $95.55.

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

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A number of research firms have recently commented on XOM. Wells Fargo & Company downgraded shares of Exxon Mobil Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday. They noted that the move was a valuation call. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Monday, January 9th. 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 report on Monday, January 9th. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Monday, December 26th. Finally, Macquarie reaffirmed an “underperform” rating and set a $75.00 price objective on shares of Exxon Mobil Corporation in a report on Saturday, December 17th. Eight equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and a consensus price target of $87.25.

In other Exxon Mobil Corporation news, insider James M. Spellings, Jr. sold 15,678 shares of the stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $87.69, for a total transaction of $1,374,803.82. Following the completion of the sale, the insider now owns 200,500 shares of the company’s stock, valued at approximately $17,581,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sara N. Ortwein sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $90.88, for a total transaction of $454,400.00. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate 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

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