Commerce Bank trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,506,869 shares of the oil and gas company’s stock after selling 2,032 shares during the quarter. Exxon Mobil makes up approximately 1.5% of Commerce Bank’s investment portfolio, making the stock its 12th largest position. Commerce Bank’s holdings in Exxon Mobil were worth $128,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Peachtree Investment Advisors Inc. grew its holdings in shares of Exxon Mobil by 7.1% during the 3rd quarter. Peachtree Investment Advisors Inc. now owns 9,401 shares of the oil and gas company’s stock worth $799,000 after purchasing an additional 625 shares during the period. Dumont & Blake Investment Advisors LLC grew its holdings in shares of Exxon Mobil by 1.3% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 47,669 shares of the oil and gas company’s stock worth $4,053,000 after purchasing an additional 630 shares during the period. Weatherstone Capital Management grew its holdings in shares of Exxon Mobil by 9.9% during the 3rd quarter. Weatherstone Capital Management now owns 7,112 shares of the oil and gas company’s stock worth $605,000 after purchasing an additional 643 shares during the period. Dividend Assets Capital LLC grew its holdings in shares of Exxon Mobil by 1.8% during the 2nd quarter. Dividend Assets Capital LLC now owns 35,740 shares of the oil and gas company’s stock worth $2,957,000 after purchasing an additional 645 shares during the period. Finally, Breiter Capital Management Inc. grew its holdings in shares of Exxon Mobil by 7.3% during the 3rd quarter. Breiter Capital Management Inc. now owns 9,547 shares of the oil and gas company’s stock worth $812,000 after purchasing an additional 649 shares during the period. Hedge funds and other institutional investors own 53.72% of the company’s stock.

XOM opened at $76.25 on Thursday. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. The stock has a market cap of $313.49 billion, a P/E ratio of 15.47, a PEG ratio of 1.68 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a return on equity of 10.89% and a net margin of 7.18%. The firm had revenue of $71.90 billion for the quarter, compared to analyst estimates of $78.87 billion. During the same quarter in the prior year, the company earned $0.88 EPS. Exxon Mobil’s revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 3.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Friday, February 8th. Exxon Mobil’s dividend payout ratio is currently 66.53%.

XOM has been the subject of a number of research analyst reports. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Sunday, January 6th. Wolfe Research upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating in a report on Monday, November 26th. Credit Suisse Group set a $79.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Tuesday, December 25th. Berenberg Bank reiterated a “neutral” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, January 9th. Finally, Argus reissued a “buy” rating on shares of Exxon Mobil in a research note on Wednesday, February 6th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $83.85.

In other Exxon Mobil news, VP Robert N. Schleckser sold 7,855 shares of the stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $78.91, for a total value of $619,838.05. Following the sale, the vice president now owns 207,940 shares of the company’s stock, valued at approximately $16,408,545.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total value of $1,092,600.00. Following the completion of the sale, the vice president now directly owns 223,461 shares in the company, valued at approximately $16,276,899.24. The disclosure for this sale can be found here. Insiders sold a total of 58,587 shares of company stock worth $4,507,808 in the last ninety days. 0.08% of the stock is owned by corporate insiders.

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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; produces transportation fuels, such as marine gasoil and diesel; 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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