Miller Howard Investments Inc. NY decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 85.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,388 shares of the oil and gas company’s stock after selling 53,695 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Exxon Mobil were worth $777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Grassi Investment Management boosted its stake in Exxon Mobil by 0.6% during the second quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock valued at $7,744,000 after buying an additional 600 shares during the last quarter. X Square Capital LLC boosted its stake in Exxon Mobil by 16.8% during the first quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock valued at $339,000 after buying an additional 653 shares during the last quarter. We Are One Seven LLC boosted its stake in Exxon Mobil by 3.8% during the first quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock valued at $1,372,000 after buying an additional 671 shares during the last quarter. Lakeview Capital Partners LLC boosted its stake in Exxon Mobil by 3.5% during the first quarter. Lakeview Capital Partners LLC now owns 20,095 shares of the oil and gas company’s stock valued at $1,499,000 after buying an additional 677 shares during the last quarter. Finally, Hanson McClain Inc. boosted its stake in Exxon Mobil by 2.5% during the first quarter. Hanson McClain Inc. now owns 28,543 shares of the oil and gas company’s stock valued at $2,130,000 after buying an additional 686 shares during the last quarter. Institutional investors and hedge funds own 52.43% of the company’s stock.

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

Shares of XOM stock opened at $85.77 on Friday. 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 current ratio of 0.81 and a quick ratio of 0.51. The company has a market cap of $366.54 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $71.66 billion. During the same period in the prior year, the business posted $0.78 earnings per share. Exxon Mobil’s revenue was up 26.6% on a year-over-year basis. research analysts expect that Exxon Mobil Co. will post 4.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s dividend payout ratio is currently 91.36%.

XOM has been the subject of a number of research reports. Societe Generale set a $92.00 price target on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, August 22nd. HSBC reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil in a research note on Wednesday, September 12th. Credit Suisse Group set a $80.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, September 6th. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, September 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $93.00 price objective on shares of Exxon Mobil in a research note on Tuesday, September 11th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $87.13.

About Exxon Mobil

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: What is a Leveraged Buyout (LBO)?

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

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