Osborne Partners Capital Management LLC lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 164,759 shares of the oil and gas company’s stock after selling 150 shares during the period. Exxon Mobil Corporation comprises about 1.9% of Osborne Partners Capital Management LLC’s portfolio, making the stock its 10th biggest position. Osborne Partners Capital Management LLC’s holdings in Exxon Mobil Corporation were worth $13,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp grew its position in Exxon Mobil Corporation by 7.9% during the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after acquiring an additional 15,740,895 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Exxon Mobil Corporation by 6.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Exxon Mobil Corporation by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after buying an additional 51,810 shares during the period. APG Asset Management N.V. lifted its holdings in Exxon Mobil Corporation by 22.7% during the 2nd quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after buying an additional 2,088,263 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Exxon Mobil Corporation by 0.6% during the 2nd quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock worth $381,912,000 after buying an additional 26,923 shares during the period. Institutional investors and hedge funds own 50.74% of the company’s stock.

XOM has been the topic of several recent research reports. Vetr raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price on the stock in a report on Tuesday, August 29th. Wolfe Research downgraded Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $83.00 target price on shares of Exxon Mobil Corporation in a report on Tuesday, May 30th. Zacks Investment Research downgraded Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 14th. Finally, BMO Capital Markets lifted their target price on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a report on Wednesday, June 21st. Seven research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation has a consensus rating of “Hold” and an average price target of $84.65.

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Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.4652% during mid-day trading on Thursday, reaching $80.1753. The company’s stock had a trading volume of 4,549,563 shares. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The company has a 50-day moving average of $78.37 and a 200-day moving average of $80.77. The company has a market cap of $339.71 billion, a P/E ratio of 28.9024 and a beta of 0.82.

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 the Thomson Reuters’ 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 business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were issued a dividend of $0.77 per share. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.82%. Exxon Mobil Corporation’s payout ratio is 111.19%.

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

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.

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

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