Traynor Capital Management Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 50.1% in the second quarter, Holdings Channel.com reports. The firm owned 3,563 shares of the oil and gas company’s stock after selling 3,573 shares during the period. Traynor Capital Management Inc.’s holdings in Exxon Mobil were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Massey Quick Simon & CO. LLC increased its position in shares of Exxon Mobil by 625.3% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 469 shares in the last quarter. Asset Planning Services Ltd. increased its position in shares of Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares in the last quarter. INR Advisory Services LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $43,000. Evolution Wealth Advisors LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $45,000. Finally, Interactive Financial Advisors bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $65,000. 54.49% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil stock traded up $0.38 during trading hours on Tuesday, hitting $70.01. The company had a trading volume of 1,891,510 shares, compared to its average volume of 11,479,844. The company has a market cap of $299.73 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36. The business’s 50-day simple moving average is $74.85.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. Research analysts forecast that Exxon Mobil Co. will post 3.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 4.97%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total transaction of $460,559.22. Following the completion of the sale, the vice president now directly owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The disclosure for this sale can be found here. 0.05% of the stock is owned by insiders.

Several brokerages recently weighed in on XOM. Goldman Sachs Group restated a “hold” rating and issued a $80.00 target price on shares of Exxon Mobil in a report on Monday, April 29th. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and dropped their target price for the stock from $72.00 to $70.00 in a report on Tuesday, August 6th. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Bank of America restated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research note on Monday, August 5th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. Exxon Mobil has an average rating of “Hold” and an average target price of $82.59.

Exxon Mobil Company 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Read More: How does a 12b-1 fee affect fund performance?

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.