Ronna Sue Cohen lowered its position in Exxon Mobil Co. (NYSE:XOM) by 26.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,587 shares of the oil and gas company’s stock after selling 2,775 shares during the quarter. Ronna Sue Cohen’s holdings in Exxon Mobil were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. Grassi Investment Management grew its position in shares of Exxon Mobil by 0.6% during the 2nd quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock valued at $7,744,000 after buying an additional 600 shares during the last quarter. X Square Capital LLC grew its position in shares of Exxon Mobil by 16.8% during the 1st quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock valued at $339,000 after buying an additional 653 shares during the last quarter. We Are One Seven LLC grew its position in shares of Exxon Mobil by 3.8% during the 1st quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock valued at $1,372,000 after buying an additional 671 shares during the last quarter. Lakeview Capital Partners LLC grew its position in shares of Exxon Mobil by 3.5% during the 1st quarter. Lakeview Capital Partners LLC now owns 20,095 shares of the oil and gas company’s stock valued at $1,499,000 after buying an additional 677 shares during the last quarter. Finally, Hanson McClain Inc. grew its position in shares of Exxon Mobil by 2.5% during the 1st quarter. Hanson McClain Inc. now owns 28,543 shares of the oil and gas company’s stock valued at $2,130,000 after buying an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 52.43% of the company’s stock.

Exxon Mobil stock opened at $85.17 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $360.90 billion, a PE ratio of 23.72, a P/E/G ratio of 1.43 and a beta of 0.86. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 13th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.

A number of equities research analysts recently weighed in on XOM shares. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, August 22nd. HSBC reaffirmed a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a research report on Wednesday, September 12th. Credit Suisse Group set a $80.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, September 6th. BNP Paribas set a $85.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Tuesday, September 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $93.00 target price on shares of Exxon Mobil in a research report on Tuesday, September 11th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and an average target price of $87.13.

In other news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

About Exxon Mobil

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.

Further Reading: Beta

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

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