Inverness Counsel LLC NY lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 231,298 shares of the oil and gas company’s stock after selling 19,750 shares during the quarter. Exxon Mobil Corporation accounts for 1.3% of Inverness Counsel LLC NY’s holdings, making the stock its 29th biggest holding. Inverness Counsel LLC NY’s holdings in Exxon Mobil Corporation were worth $18,673,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horan Securities Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at approximately $102,000. Riggs Asset Managment Co. Inc. increased its position in shares of Exxon Mobil Corporation by 27.2% during 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 purchasing an additional 292 shares during the last quarter. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Exxon Mobil Corporation by 13.5% during 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 purchasing an additional 220 shares during the last quarter. Finally, Diversified Portfolios Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at approximately $224,000. 50.73% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 82.76 on Thursday. The company’s 50 day moving average price is $80.54 and its 200-day moving average price is $80.76. 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 $350.66 billion, a PE ratio of 29.83 and a beta of 0.82.

Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Equities research analysts predict that Exxon Mobil Corporation will post $3.48 EPS for the current year.

XOM has been the topic of several analyst reports. Zacks Investment Research raised Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BMO Capital Markets set a $78.00 target price on Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Monday, June 26th. Vetr downgraded Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 target price on the stock. in a research report on Friday, October 6th. BNP Paribas set a $70.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Monday, September 25th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $94.00 price objective (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Friday, October 13th. 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 company’s stock. Exxon Mobil Corporation presently has an average rating of “Hold” and an average target price of $85.19.

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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