Congress Asset Management Co. MA lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 6.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,241 shares of the oil and gas company’s stock after selling 5,759 shares during the quarter. Congress Asset Management Co. MA’s holdings in Exxon Mobil Corporation were worth $6,801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. State Street Corp lifted its stake 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 valued at $17,695,085,000 after acquiring an additional 15,740,895 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake 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 valued at $1,567,780,000 after acquiring an additional 1,150,881 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake 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 valued at $976,677,000 after acquiring an additional 51,810 shares in the last quarter. APG Asset Management N.V. lifted its stake 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 valued at $910,002,000 after acquiring an additional 2,088,263 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake 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 valued at $381,912,000 after acquiring an additional 26,923 shares in the last quarter. 50.73% of the stock is owned by institutional investors and hedge funds.

Shares of Exxon Mobil Corporation (NYSE XOM) opened at 82.96 on Wednesday. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a 50-day moving average price of $80.09 and a 200-day moving average price of $80.75. The company has a market capitalization of $351.51 billion, a PE ratio of 29.91 and a beta of 0.82.

Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share 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 firm had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. Analysts predict that Exxon Mobil Corporation will post $3.46 earnings per share for the current year.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on XOM. Vetr cut Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a research note on Friday, October 6th. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Tuesday, August 29th. Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Monday, September 18th. J P Morgan Chase & Co restated a “neutral” rating and set a $80.00 price objective (down from $81.00) on shares of Exxon Mobil Corporation in a research note on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price objective on Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Monday, August 21st. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.11.

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Exxon Mobil Corporation 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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