Oxbow Advisors LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 166,573 shares of the oil and gas company’s stock after selling 8,447 shares during the period. Exxon Mobil Corporation accounts for about 2.4% of Oxbow Advisors LLC’s investment portfolio, making the stock its 5th largest position. Oxbow Advisors LLC’s holdings in Exxon Mobil Corporation were worth $13,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Horan Securities Inc. acquired a new stake in Exxon Mobil Corporation in the 1st quarter valued at about $102,000. Riggs Asset Managment Co. Inc. grew its stake in Exxon Mobil Corporation by 27.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 292 shares during the last quarter. Watermark Asset Management Inc. acquired a new stake in Exxon Mobil Corporation in the 1st quarter valued at about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Exxon Mobil Corporation by 13.5% in the 1st 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 acquiring an additional 220 shares during the last quarter. Finally, Cordasco Financial Network grew its stake in Exxon Mobil Corporation by 0.6% in the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 15 shares during the last quarter. 50.74% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Corporation (NYSE XOM) traded down 0.02% on Tuesday, reaching $80.07. 4,370,939 shares of the company traded hands. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The stock has a market capitalization of $339.27 billion, a price-to-earnings ratio of 28.86 and a beta of 0.82. The firm has a 50 day moving average price of $78.37 and a 200 day moving average price of $80.79.

Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Equities research analysts predict that Exxon Mobil Corporation will post $3.44 EPS for the current year.

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

A number of brokerages recently commented on XOM. UBS AG set a $75.00 price objective on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Thursday, June 8th. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $84.87 price objective on the stock in a research note on Wednesday, September 13th. Royal Bank Of Canada set a $90.00 price objective on shares of 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 shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Seven 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 company’s stock. Exxon Mobil Corporation currently has an average rating of “Hold” and a consensus target price of $84.65.

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 stock was 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 owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

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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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