Ironwood Investment Counsel LLC lessened its position in Exxon Mobil Co. (NYSE:XOM) by 40.1% in the 3rd quarter, Holdings Channel reports. The fund owned 40,568 shares of the oil and gas company’s stock after selling 27,178 shares during the period. Exxon Mobil comprises 1.3% of Ironwood Investment Counsel LLC’s investment portfolio, making the stock its 21st largest holding. Ironwood Investment Counsel LLC’s holdings in Exxon Mobil were worth $3,326,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Asset Management Advisors LLC lifted its holdings 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 valued at $203,000 after buying an additional 7 shares in the last quarter. Jag Capital Management LLC lifted its holdings in Exxon Mobil by 0.5% during the 2nd quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after buying an additional 26 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its holdings in Exxon Mobil by 1.3% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after buying an additional 30 shares in the last quarter. Lehman Financial Resources Inc. lifted its holdings in Exxon Mobil by 0.5% during the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after buying an additional 35 shares in the last quarter. Finally, Intellectus Partners LLC lifted its holdings in Exxon Mobil by 0.7% during the 2nd quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 51.05% of the company’s stock.

Shares of Exxon Mobil Co. (NYSE:XOM) opened at $87.52 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil Co. has a twelve month low of $76.05 and a twelve month high of $87.99. The company has a market cap of $370,830.00, a PE ratio of 28.51, a PEG ratio of 1.37 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The firm had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. sell-side analysts expect that Exxon Mobil Co. will post 3.68 earnings per share for the current year.

In other news, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the transaction, the insider now directly owns 220,000 shares in the company, valued at approximately $18,341,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,357 shares of company stock worth $4,273,910. Insiders own 0.08% of the company’s stock.

A number of brokerages recently weighed in on XOM. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Saturday. JPMorgan Chase & Co. set a $83.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Monday, January 8th. BMO Capital Markets lifted their price objective on shares of Exxon Mobil to $85.00 and gave the company a “market perform” rating in a report on Wednesday, January 10th. Wells Fargo & Co set a $88.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday. Finally, Howard Weil upgraded shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a report on Friday, December 22nd. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $86.74.

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About Exxon Mobil

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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