Wright Investors Service Inc. Decreases Stake in Exxon Mobil Corporation (NYSE:XOM)

Wright Investors Service Inc. trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 21.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,375 shares of the oil and gas company’s stock after selling 1,180 shares during the period. Wright Investors Service Inc.’s holdings in Exxon Mobil Corporation were worth $353,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in XOM. Parthenon LLC raised its position in shares of Exxon Mobil Corporation by 0.9% in the 2nd quarter. Parthenon LLC now owns 223,228 shares of the oil and gas company’s stock worth $18,021,000 after acquiring an additional 2,040 shares in the last quarter. Sabal Trust CO raised its position in shares of Exxon Mobil Corporation by 3.1% in the 2nd quarter. Sabal Trust CO now owns 331,507 shares of the oil and gas company’s stock worth $26,763,000 after acquiring an additional 9,882 shares in the last quarter. Vicus Capital grew its stake in shares of Exxon Mobil Corporation by 0.7% in the 2nd quarter. Vicus Capital now owns 164,948 shares of the oil and gas company’s stock valued at $13,316,000 after buying an additional 1,109 shares during the period. Doyle Wealth Management grew its stake in shares of Exxon Mobil Corporation by 2.7% in the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after buying an additional 6,921 shares during the period. Finally, Manning & Napier Advisors LLC grew its stake in shares of Exxon Mobil Corporation by 2.9% in the 2nd quarter. Manning & Napier Advisors LLC now owns 58,158 shares of the oil and gas company’s stock valued at $4,694,000 after buying an additional 1,645 shares during the period. 50.82% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Corporation (NYSE:XOM) traded down 0.218% during midday trading on Friday, hitting $79.915. 8,848,149 shares of the stock were exchanged. The firm’s 50 day moving average price is $78.38 and its 200 day moving average price is $80.84. The company has a market cap of $338.61 billion, a PE ratio of 28.809 and a beta of 0.82. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. On average, equities research analysts forecast that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.85%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.

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A number of research firms have issued reports on XOM. Scotiabank set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. Argus reaffirmed a “focus list” rating and issued a $104.00 price target (up previously from $91.00) on shares of Exxon Mobil Corporation in a report on Thursday, May 18th. UBS AG set a $75.00 price target on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Thursday, June 8th. Hilliard Lyons initiated coverage on shares of Exxon Mobil Corporation in a report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price target on the stock. Finally, Citigroup Inc. lowered their price target on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $84.65.

In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.

Exxon Mobil Corporation 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.

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

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