Gareth Morgan Investments Limited Partnership acquired a new stake in Exxon Mobil Corporation (NYSE:XOM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,947 shares of the oil and gas company’s stock, valued at approximately $1,964,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CNA Financial Corp raised its position in shares of Exxon Mobil Corporation by 23.1% in the first quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock valued at $1,630,000 after buying an additional 3,725 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Exxon Mobil Corporation by 18.8% in the first quarter. Flagship Harbor Advisors LLC now owns 31,296 shares of the oil and gas company’s stock valued at $2,580,000 after buying an additional 4,945 shares during the period. Flaharty Asset Management LLC bought a new position in shares of Exxon Mobil Corporation during the first quarter valued at approximately $307,000. Shelton Capital Management raised its position in shares of Exxon Mobil Corporation by 9.1% in the first quarter. Shelton Capital Management now owns 240,038 shares of the oil and gas company’s stock valued at $19,686,000 after buying an additional 20,116 shares during the period. Finally, Sterneck Capital Management LLC raised its position in shares of Exxon Mobil Corporation by 35.3% in the first quarter. Sterneck Capital Management LLC now owns 7,094 shares of the oil and gas company’s stock valued at $582,000 after buying an additional 1,851 shares during the period. Institutional investors and hedge funds own 50.59% of the company’s stock.

Shares of Exxon Mobil Corporation (XOM) traded down 0.96% during trading on Friday, hitting $78.21. 10,192,375 shares of the stock traded hands. The stock has a 50 day moving average of $80.50 and a 200 day moving average of $81.75. The firm has a market cap of $331.38 billion, a price-to-earnings ratio of 28.19 and a beta of 0.81. Exxon Mobil Corporation has a 52-week low of $78.20 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 Zacks’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. Exxon Mobil Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Analysts expect that Exxon Mobil Corporation will post $3.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.94%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.

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Several research analysts have commented on the stock. Vetr lowered shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price objective for the company. in a report on Wednesday. Zacks Investment Research upgraded shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Royal Bank Of Canada set a $90.00 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. HSBC Holdings plc set a $81.50 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 28th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and a consensus target price of $84.98.

In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is owned by corporate insiders.

Exxon Mobil Corporation Company Profile

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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