Moreno Evelyn V lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,410 shares of the oil and gas company’s stock after selling 1,215 shares during the period. Exxon Mobil Corporation comprises approximately 2.2% of Moreno Evelyn V’s investment portfolio, making the stock its 19th biggest position. Moreno Evelyn V’s holdings in Exxon Mobil Corporation were worth $7,057,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. CNA Financial Corp raised its position in shares of Exxon Mobil Corporation by 23.1% during the 1st quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after purchasing an additional 3,725 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of Exxon Mobil Corporation during the 1st quarter worth about $754,000. Holderness Investments Co. raised its position in shares of Exxon Mobil Corporation by 48.1% during the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock worth $3,962,000 after purchasing an additional 15,687 shares during the last quarter. Doyle Wealth Management raised its position in shares of Exxon Mobil Corporation by 2.7% during the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock worth $20,935,000 after purchasing an additional 6,921 shares during the last quarter. Finally, Rosenbaum Jay D. raised its position in shares of Exxon Mobil Corporation by 10.6% during the 1st quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after purchasing an additional 1,725 shares during the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

Several research analysts recently weighed in on the stock. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. UBS AG set a $75.00 price target on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Thursday, June 8th. Hilliard Lyons assumed coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They set a “term buy” rating and a $90.00 price target for the company. Citigroup Inc. reduced their price target on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Finally, Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price target for the company in a research report on Monday, June 5th. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $84.65.

Exxon Mobil Corporation (NYSE:XOM) traded down 0.02% during trading on Friday, hitting $80.07. 16,043,707 shares of the company were exchanged. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The company has a market capitalization of $339.27 billion, a price-to-earnings ratio of 28.86 and a beta of 0.82. The company has a 50-day moving average of $78.36 and a 200-day moving average of $80.83.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts forecast that Exxon Mobil Corporation will post $3.44 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were issued a $0.77 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.85%. Exxon Mobil Corporation’s payout ratio is 111.19%.

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In related news, Director Steven Reinemund sold 1,100 shares of the business’s 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 in the company, valued at $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

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)

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