Newport Wealth Strategies Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 45.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,369 shares of the oil and gas company’s stock after selling 31,694 shares during the period. Exxon Mobil accounts for approximately 3.6% of Newport Wealth Strategies Inc.’s portfolio, making the stock its 7th biggest holding. Newport Wealth Strategies Inc.’s holdings in Exxon Mobil were worth $3,092,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of XOM. BlackRock Inc. boosted its holdings in Exxon Mobil by 1.2% during the first quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock valued at $19,459,936,000 after purchasing an additional 2,982,610 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Exxon Mobil by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock valued at $2,281,575,000 after purchasing an additional 1,200,678 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Exxon Mobil by 8.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,735,708 shares of the oil and gas company’s stock valued at $1,136,355,000 after purchasing an additional 1,045,871 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Exxon Mobil by 3.0% during the first quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock valued at $980,635,000 after purchasing an additional 376,686 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in Exxon Mobil by 2.2% during the first quarter. Federated Investors Inc. PA now owns 9,828,594 shares of the oil and gas company’s stock valued at $733,311,000 after purchasing an additional 208,450 shares in the last quarter. Institutional investors and hedge funds own 52.39% of the company’s stock.

XOM stock opened at $76.97 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The company has a market capitalization of $334.59 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.24 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The firm had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter in the previous year, the company posted $0.93 EPS. Exxon Mobil’s revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 4.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.

In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were 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 owns 214,774 shares in the company, valued at approximately $18,045,311.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.

XOM has been the topic of a number of recent research reports. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Monday, October 1st. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Wednesday, October 17th. HSBC reaffirmed a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a report on Wednesday, September 12th. Societe Generale set a $92.00 price objective on Exxon Mobil and gave the company a “buy” rating in a report on Wednesday, August 22nd. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 2nd. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and an average target price of $87.00.

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About Exxon Mobil

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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