Harvey Investment Co. LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,886 shares of the oil and gas company’s stock after selling 1,129 shares during the quarter. Exxon Mobil makes up approximately 2.6% of Harvey Investment Co. LLC’s portfolio, making the stock its 15th biggest position. Harvey Investment Co. LLC’s holdings in Exxon Mobil were worth $14,220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valicenti Advisory Services Inc. raised its stake in shares of Exxon Mobil by 3.2% during the second quarter. Valicenti Advisory Services Inc. now owns 36,341 shares of the oil and gas company’s stock worth $3,006,000 after purchasing an additional 1,120 shares during the last quarter. QV Investors Inc. raised its stake in shares of Exxon Mobil by 8.0% during the second quarter. QV Investors Inc. now owns 239,901 shares of the oil and gas company’s stock worth $19,847,000 after purchasing an additional 17,810 shares during the last quarter. Cape ANN Savings Bank purchased a new stake in shares of Exxon Mobil during the second quarter worth approximately $1,449,000. Unigestion Holding SA purchased a new stake in shares of Exxon Mobil during the second quarter worth approximately $114,974,000. Finally, Norris Perne & French LLP MI raised its stake in shares of Exxon Mobil by 26.3% during the second quarter. Norris Perne & French LLP MI now owns 158,334 shares of the oil and gas company’s stock worth $13,099,000 after purchasing an additional 32,929 shares during the last quarter. Institutional investors own 52.48% of the company’s stock.

NYSE:XOM opened at $81.38 on Friday. The firm has a market capitalization of $360.27 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The business had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 4.6 EPS for the current year.

Several equities research analysts have recently commented on XOM shares. HSBC restated a “buy” rating and set a $93.50 price target on shares of Exxon Mobil in a research note on Monday, July 16th. Societe Generale restated a “buy” rating and set a $87.00 price target on shares of Exxon Mobil in a research note on Wednesday, July 11th. Royal Bank of Canada set a $100.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research note on Thursday, June 21st. Finally, Morningstar set a $90.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $87.08.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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