Baystate Wealth Management LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 39.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,594 shares of the oil and gas company’s stock after selling 10,607 shares during the period. Exxon Mobil comprises 0.2% of Baystate Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Baystate Wealth Management LLC’s holdings in Exxon Mobil were worth $1,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. First Eagle Investment Management LLC increased its position in shares of Exxon Mobil by 43.0% during the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after buying an additional 5,440,412 shares during the period. Eaton Vance Management increased its position in shares of Exxon Mobil by 53.6% during the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after buying an additional 3,136,452 shares during the period. BlackRock Inc. increased its position in shares of Exxon Mobil by 1.2% during the first quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock valued at $19,459,936,000 after buying an additional 2,982,610 shares during the period. OppenheimerFunds Inc. increased its position in shares of Exxon Mobil by 224.5% during the first quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock valued at $281,452,000 after buying an additional 2,609,710 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock worth $4,642,701,000 after purchasing an additional 2,474,965 shares in the last quarter. Hedge funds and other institutional investors own 52.43% of the company’s stock.

Several research analysts have recently commented on the company. Jefferies Financial Group set a $87.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, September 14th. UBS Group set a $87.00 price objective on Exxon Mobil and gave the stock a “hold” rating in a report on Friday, September 14th. HSBC reissued a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a report on Wednesday, September 12th. Barclays reissued a “sell” rating and set a $87.00 price objective on shares of Exxon Mobil in a report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $93.00 price objective on shares of Exxon Mobil in a report on Tuesday, September 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.13.

Shares of XOM opened at $86.50 on Wednesday. The company has a market capitalization of $360.90 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.43 and a beta of 0.86. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The firm had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. sell-side analysts anticipate that Exxon Mobil Co. will post 4.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 13th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio is currently 91.36%.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the sale, the vice president now owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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

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