Brown Advisory Securities LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,961 shares of the oil and gas company’s stock after selling 4,046 shares during the period. Exxon Mobil Corporation makes up 1.8% of Brown Advisory Securities LLC’s portfolio, making the stock its 7th largest position. Brown Advisory Securities LLC’s holdings in Exxon Mobil Corporation were worth $7,297,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in XOM. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Exxon Mobil Corporation during the fourth quarter valued at $101,000. Horan Securities Inc. acquired a new stake in Exxon Mobil Corporation during the first quarter valued at $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares during the period. Cordasco Financial Network raised its stake in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the period. Finally, Diversified Portfolios Inc. acquired a new stake in Exxon Mobil Corporation during the first quarter valued at $224,000. 50.59% of the stock is currently owned by institutional investors.

Shares of Exxon Mobil Corporation (XOM) traded down 0.42% on Thursday, hitting $79.11. The company had a trading volume of 2,720,451 shares. The firm’s 50 day moving average price is $80.65 and its 200-day moving average price is $81.82. The stock has a market capitalization of $335.20 billion, a PE ratio of 28.52 and a beta of 0.81. Exxon Mobil Corporation has a 52 week low of $78.27 and a 52 week high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS 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 business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. 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 will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.84%. Exxon Mobil Corporation’s dividend payout ratio is 111.19%.

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Several research firms recently weighed in on XOM. UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, April 25th. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price objective on the stock. in a research note on Wednesday. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Finally, HSBC Holdings plc set a $81.50 price objective on Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.98.

In other 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 value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

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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