Chickasaw Capital Management LLC trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,646 shares of the oil and gas company’s stock after selling 110 shares during the period. Exxon Mobil Corporation comprises about 0.1% of Chickasaw Capital Management LLC’s portfolio, making the stock its 29th largest position. Chickasaw Capital Management LLC’s holdings in Exxon Mobil Corporation were worth $6,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Horan Securities Inc. bought a new position in Exxon Mobil Corporation in the first quarter valued at $102,000. Riggs Asset Managment Co. Inc. grew its position in Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 292 shares in the last quarter. Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation in the first quarter valued at $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 220 shares in the last quarter. Finally, Diversified Portfolios Inc. bought a new position in Exxon Mobil Corporation in the first quarter valued at $224,000. Institutional investors and hedge funds own 50.73% of the company’s stock.

Exxon Mobil Corporation (NYSE:XOM) opened at 83.11 on Friday. The firm has a market capitalization of $352.15 billion, a PE ratio of 29.96 and a beta of 0.82. The stock has a 50 day moving average of $80.92 and a 200 day moving average of $80.79. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the prior year, the business earned $0.41 EPS. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post $3.49 earnings per share for the current fiscal year.

In other news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were 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 owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on XOM. BMO Capital Markets set a $80.00 target price on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Wednesday. Morgan Stanley set a $85.00 target price on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group LLC set a $84.00 target price on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Thursday. Barclays PLC reaffirmed an “overweight” rating and issued a $94.00 target price (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Friday, October 13th. Finally, Vetr downgraded shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research report on Thursday, September 28th. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $85.32.

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Exxon Mobil Corporation 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 Corporation (NYSE:XOM)

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