Crescent Grove Advisors LLC purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,587 shares of the oil and gas company’s stock, valued at approximately $613,000.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp grew its stake in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after acquiring an additional 15,740,895 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Exxon Mobil Corporation by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after acquiring an additional 1,406,529 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after acquiring an additional 51,810 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Exxon Mobil Corporation by 22.7% in the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after acquiring an additional 2,088,263 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Exxon Mobil Corporation by 0.6% in the second quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock worth $381,912,000 after acquiring an additional 26,923 shares during the last quarter. Institutional investors own 50.76% of the company’s stock.

Several equities research analysts have recently issued reports on XOM shares. TheStreet upgraded shares of Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Vetr upgraded shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price objective on the stock in a research note on Thursday, August 17th. Barclays PLC set a $94.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Monday, August 21st. Scotiabank set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Monday, September 18th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $85.78.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by insiders.

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Shares of Exxon Mobil Corporation (NYSE XOM) opened at $80.24 on Monday. The company has a market capitalization of $339,990.00, a PE ratio of 22.54, a P/E/G ratio of 1.69 and a beta of 0.83. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.

Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the previous year, the company earned $0.63 EPS. analysts anticipate that Exxon Mobil Corporation will post 3.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.84%. Exxon Mobil Corporation’s payout ratio is currently 100.33%.

About Exxon Mobil Corporation

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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

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