Meag Munich Ergo Kapitalanlagegesellschaft MBH trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 41.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,702 shares of the oil and gas company’s stock after selling 173,117 shares during the period. Exxon Mobil comprises 1.3% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 7th biggest holding. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Exxon Mobil were worth $20,475,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of XOM. Macroview Investment Management LLC purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $102,000. Corbyn Investment Management Inc. MD purchased a new position in Exxon Mobil during the first quarter worth $110,000. KHP Capital LLC purchased a new position in Exxon Mobil during the first quarter worth $111,000. Clearwater Capital Advisors LLC purchased a new position in Exxon Mobil during the first quarter worth $122,000. Finally, Trilogy Capital Inc. purchased a new position in Exxon Mobil during the first quarter worth $149,000. 52.43% of the stock is owned by institutional investors and hedge funds.

In other news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

XOM stock opened at $86.50 on Wednesday. Exxon Mobil Co. has a 52-week low of $72.15 and a 52-week high of $89.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. The firm has a market cap of $360.90 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.43 and a beta of 0.86.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 13th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is 91.36%.

XOM has been the subject of several recent research reports. Royal Bank of Canada raised Exxon Mobil from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $72.16 to $100.00 in a research report on Wednesday, May 30th. They noted that the move was a valuation call. Mizuho initiated coverage on Exxon Mobil in a research report on Friday, June 8th. They set a “neutral” rating and a $81.00 price target for the company. Jefferies Financial Group reissued a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a research report on Monday, June 11th. Morningstar set a $85.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, June 11th. Finally, Wells Fargo & Co reissued a “neutral” rating and set a $82.00 price target on shares of Exxon Mobil in a research report on Thursday, June 21st. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $87.13.

Exxon Mobil Company 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.

Further Reading: Book Value Per Share – BVPS

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

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