Barry Investment Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 46,048 shares of the oil and gas company’s stock after selling 3,305 shares during the period. Exxon Mobil comprises about 1.4% of Barry Investment Advisors LLC’s portfolio, making the stock its 23rd largest holding. Barry Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,775,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Asset Management Advisors LLC raised its stake in Exxon Mobil by 0.3% during the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after buying an additional 7 shares during the period. Jag Capital Management LLC raised its stake in shares of Exxon Mobil by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after purchasing an additional 26 shares during the last quarter. C M Bidwell & Associates Ltd. raised its stake in shares of Exxon Mobil by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock worth $196,000 after purchasing an additional 30 shares during the last quarter. Lehman Financial Resources Inc. raised its stake in shares of Exxon Mobil by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock worth $579,000 after purchasing an additional 35 shares during the last quarter. Finally, Intellectus Partners LLC raised its stake in shares of Exxon Mobil by 0.7% in the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock worth $497,000 after purchasing an additional 41 shares during the last quarter. 51.06% of the stock is currently owned by institutional investors and hedge funds.

In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the transaction, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is currently owned by corporate insiders.

XOM has been the subject of several analyst reports. BNP Paribas set a $70.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research note on Monday, September 25th. Vetr downgraded Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research note on Thursday, September 28th. Goldman Sachs Group set a $85.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday, October 3rd. Barclays set a $91.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Morgan Stanley set a $85.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.71.

Exxon Mobil Co. (NYSE:XOM) opened at $87.15 on Friday. The stock has a market capitalization of $369,260.00, a P/E ratio of 28.39, a PEG ratio of 1.35 and a beta of 0.82. 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 Co. has a twelve month low of $76.05 and a twelve month high of $88.21.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the 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 had a return on equity of 8.81% and a net margin of 6.34%. During the same period in the prior year, the company posted $0.63 earnings per share. analysts anticipate that Exxon Mobil Co. will post 3.68 EPS for the current year.

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Exxon Mobil Company Profile

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 (NYSE:XOM)

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