First National Bank of Omaha lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,755 shares of the oil and gas company’s stock after selling 22,165 shares during the period. Exxon Mobil Corporation accounts for about 1.5% of First National Bank of Omaha’s portfolio, making the stock its 7th largest position. First National Bank of Omaha’s holdings in Exxon Mobil Corporation were worth $23,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Augustine Asset Management Inc. raised its position in Exxon Mobil Corporation by 3.5% in the second quarter. Augustine Asset Management Inc. now owns 22,222 shares of the oil and gas company’s stock worth $1,793,000 after buying an additional 747 shares during the last quarter. Macnealy Hoover Investment Management Inc. raised its position in Exxon Mobil Corporation by 0.8% in the second quarter. Macnealy Hoover Investment Management Inc. now owns 54,604 shares of the oil and gas company’s stock worth $4,408,000 after buying an additional 451 shares during the last quarter. Johnson Financial Group LLC raised its position in Exxon Mobil Corporation by 2.2% in the second quarter. Johnson Financial Group LLC now owns 5,483 shares of the oil and gas company’s stock worth $442,000 after buying an additional 117 shares during the last quarter. Stralem & Co. Inc. raised its position in Exxon Mobil Corporation by 8.5% in the second quarter. Stralem & Co. Inc. now owns 206,520 shares of the oil and gas company’s stock worth $16,672,000 after buying an additional 16,150 shares during the last quarter. Finally, Aperio Group LLC raised its position in Exxon Mobil Corporation by 10.8% in the second quarter. Aperio Group LLC now owns 1,528,101 shares of the oil and gas company’s stock worth $123,364,000 after buying an additional 149,404 shares during the last quarter. 50.77% of the stock is currently owned by institutional investors.

Shares of Exxon Mobil Corporation (XOM) traded down 0.589% during midday trading on Tuesday, reaching $77.769. 3,946,107 shares of the company’s stock traded hands. Exxon Mobil Corporation has a one year low of $77.70 and a one year high of $93.22. The firm has a market capitalization of $329.52 billion, a PE ratio of 28.035 and a beta of 0.81. The stock’s 50-day moving average price is $80.40 and its 200 day moving average price is $81.65.

Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. On average, equities research analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is 111.19%.

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A number of research firms recently weighed in on XOM. Vetr lowered shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price target on the stock. in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Thursday, August 3rd. HSBC Holdings plc set a $81.50 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Thursday, August 3rd. Finally, Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and an average price target of $84.98.

In related news, Director Steven Reinemund sold 1,100 shares of the 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 sale, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.08% of the company’s stock.

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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