Evermay Wealth Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,130 shares of the oil and gas company’s stock after selling 1,851 shares during the quarter. Exxon Mobil accounts for 0.6% of Evermay Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Evermay Wealth Management LLC’s holdings in Exxon Mobil were worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Kornitzer Capital Management Inc. KS boosted its stake in shares of Exxon Mobil by 2.4% in the second quarter. Kornitzer Capital Management Inc. KS now owns 719,002 shares of the oil and gas company’s stock valued at $59,483,000 after buying an additional 16,794 shares in the last quarter. Barings LLC boosted its stake in shares of Exxon Mobil by 18.8% in the second quarter. Barings LLC now owns 196,145 shares of the oil and gas company’s stock valued at $16,227,000 after buying an additional 31,109 shares in the last quarter. Koch Industries Inc. boosted its stake in shares of Exxon Mobil by 343.1% in the first quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock valued at $932,000 after buying an additional 9,676 shares in the last quarter. First Command Bank boosted its stake in shares of Exxon Mobil by 96.0% in the second quarter. First Command Bank now owns 187,962 shares of the oil and gas company’s stock valued at $15,550,000 after buying an additional 92,058 shares in the last quarter. Finally, First Financial Bank Trust Division boosted its stake in shares of Exxon Mobil by 3.5% in the second quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock valued at $7,078,000 after buying an additional 2,883 shares in the last quarter. Institutional investors own 52.46% of the company’s stock.

In other news, VP Bradley W. Corson sold 15,000 shares of the business’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 completion of the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.

XOM has been the topic of a number of analyst reports. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Monday, October 1st. BNP Paribas set a $85.00 price target on Exxon Mobil and gave the company a “sell” rating in a research note on Wednesday, October 17th. HSBC restated a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil in a research note on Wednesday, September 12th. Societe Generale set a $92.00 price target on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Finally, Credit Suisse Group restated a “neutral” rating and issued a $80.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 2nd. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $87.27.

XOM opened at $78.96 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. The firm has a market cap of $334.59 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.24 and a beta of 0.86. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.25. The company had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. Exxon Mobil’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 4.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 dividend on an annualized basis and a yield of 4.15%. Exxon Mobil’s payout ratio is 91.36%.

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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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