Kidder Stephen W lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 17.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,392 shares of the oil and gas company’s stock after selling 15,607 shares during the quarter. Exxon Mobil Corporation accounts for about 2.3% of Kidder Stephen W’s investment portfolio, making the stock its 19th biggest holding. Kidder Stephen W’s holdings in Exxon Mobil Corporation were worth $6,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Horizon Investment Services LLC lifted its stake in Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after buying an additional 20 shares in the last quarter. Jag Capital Management LLC lifted its stake in Exxon Mobil Corporation by 0.5% in the second 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. Harwood Advisory Group LLC lifted its stake in Exxon Mobil Corporation by 0.5% in the second quarter. Harwood Advisory Group LLC now owns 8,271 shares of the oil and gas company’s stock valued at $668,000 after buying an additional 40 shares in the last quarter. Alpha Windward LLC lifted its stake in Exxon Mobil Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 5,298 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 43 shares in the last quarter. Finally, Sonata Capital Group Inc. lifted its stake in Exxon Mobil Corporation by 0.9% in the first quarter. Sonata Capital Group Inc. now owns 5,522 shares of the oil and gas company’s stock valued at $453,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 50.73% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Kidder Stephen W Has $6.01 Million Position in Exxon Mobil Corporation (XOM)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.watchlistnews.com/kidder-stephen-w-has-6-01-million-position-in-exxon-mobil-corporation-xom/1637656.html.

A number of research analysts have weighed in on XOM shares. BMO Capital Markets lifted their price target on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $86.00 price target on shares of Exxon Mobil Corporation in a research note on Friday, June 23rd. Vetr raised shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $90.68 price target on the stock in a research note on Thursday, June 29th. BNP Paribas reaffirmed a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil Corporation in a research note on Wednesday, July 5th. Finally, Royal Bank Of Canada lowered shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $96.00 to $95.00 in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $85.11.

In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares in the company, 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.

Shares of Exxon Mobil Corporation (XOM) opened at 82.96 on Wednesday. The company has a market capitalization of $351.51 billion, a price-to-earnings ratio of 29.91 and a beta of 0.82. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The firm’s 50-day moving average is $80.09 and its 200 day moving average is $80.75.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter last year, the business posted $0.41 earnings per share. Exxon Mobil Corporation’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Corporation will post $3.46 earnings per share for the current year.

About Exxon Mobil Corporation

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.

Institutional Ownership by Quarter for Exxon Mobil Corporation (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.