Segment Wealth Management LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 13.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,768 shares of the oil and gas company’s stock after selling 7,603 shares during the quarter. Segment Wealth Management LLC’s holdings in Exxon Mobil were worth $4,034,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. First Eagle Investment Management LLC increased its position in Exxon Mobil by 43.0% during the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after purchasing an additional 5,440,412 shares in the last quarter. Eaton Vance Management increased its position in Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock worth $670,382,000 after purchasing an additional 3,136,452 shares in the last quarter. BlackRock Inc. increased its position in Exxon Mobil by 1.2% during the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after purchasing an additional 2,982,610 shares in the last quarter. OppenheimerFunds Inc. increased its position in Exxon Mobil by 224.5% during the 1st quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock worth $281,452,000 after purchasing an additional 2,609,710 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Exxon Mobil by 4.7% during the 4th 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. 52.43% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Macquarie reaffirmed a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 10th. Morningstar set a $90.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, September 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 10th. BNP Paribas set a $85.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Tuesday, August 28th. Finally, Societe Generale reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research report on Wednesday, July 11th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $87.13.

Exxon Mobil stock opened at $85.78 on Thursday. The company has a market cap of $366.96 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil Co. has a 52 week low of $72.15 and a 52 week high of $89.30.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 13th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is currently 91.36%.

In other news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction 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 approximately $18,045,311.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.

Exxon Mobil 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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