Portland Global Advisors LLC lowered its position in Exxon Mobil Corp. (NYSE:XOM) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,193 shares of the company’s stock after selling 304 shares during the period. Exxon Mobil Corp. comprises approximately 1.0% of Portland Global Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Portland Global Advisors LLC’s holdings in Exxon Mobil Corp. were worth $2,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BB&T Corp raised its position in shares of Exxon Mobil Corp. by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock worth $89,332,000 after buying an additional 148,235 shares in the last quarter. Concannon Wealth Management LLC raised its position in shares of Exxon Mobil Corp. by 0.5% in the second quarter. Concannon Wealth Management LLC now owns 5,399 shares of the company’s stock worth $506,000 after buying an additional 27 shares in the last quarter. Edgar Lomax Co. VA raised its position in shares of Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock worth $70,792,000 after buying an additional 126,050 shares in the last quarter. Shell Asset Management Co. raised its position in shares of Exxon Mobil Corp. by 14.7% in the second quarter. Shell Asset Management Co. now owns 867,880 shares of the company’s stock worth $81,355,000 after buying an additional 111,027 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its position in shares of Exxon Mobil Corp. by 5.7% in the second quarter. Eagle Global Advisors LLC now owns 149,569 shares of the company’s stock worth $14,021,000 after buying an additional 8,014 shares in the last quarter. 50.06% of the stock is owned by hedge funds and other institutional investors.

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

Exxon Mobil Corp. (NYSE:XOM) traded down 0.75% during midday trading on Monday, reaching $86.47. 7,449,634 shares of the company’s stock traded hands. The firm has a market cap of $358.56 billion, a price-to-earnings ratio of 40.48 and a beta of 0.86. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The stock’s 50 day moving average price is $86.07 and its 200 day moving average price is $88.35.

Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $58.68 billion for the quarter, compared to analyst estimates of $61.34 billion. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The firm’s revenue was down 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 EPS. Equities research analysts anticipate that Exxon Mobil Corp. will post $2.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 140.19%.

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A number of research analysts have recently commented on XOM shares. Barclays PLC cut their price objective on shares of Exxon Mobil Corp. to $100.00 in a research report on Monday, August 1st. Argus reaffirmed a “buy” rating and set a $104.00 price objective on shares of Exxon Mobil Corp. in a research report on Wednesday, August 17th. reaffirmed a “buy” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Societe Generale set a $105.00 target price on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a research note on Monday, August 15th. Finally, Goldman Sachs Group Inc. set a $98.00 target price on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a research note on Monday, August 1st. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $87.62.

In related news, VP Neil A. Chapman sold 16,000 shares of Exxon Mobil Corp. stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the sale, the vice president now directly owns 222,299 shares of the company’s stock, valued at approximately $19,340,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

Exxon Mobil Corp. Company Profile

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

5 Day Chart for NYSE:XOM

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