Ipswich Investment Management Co. Inc. cut its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 120,856 shares of the oil and gas company’s stock after selling 312 shares during the period. Exxon Mobil Corporation makes up about 4.3% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its largest position. Ipswich Investment Management Co. Inc.’s holdings in Exxon Mobil Corporation were worth $9,911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Norges Bank acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter worth about $3,306,084,000. State Street Corp raised its position in shares of Exxon Mobil Corporation by 4.3% in the fourth quarter. State Street Corp now owns 200,026,488 shares of the oil and gas company’s stock worth $18,054,385,000 after buying an additional 8,303,490 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Exxon Mobil Corporation by 824.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,221,961 shares of the oil and gas company’s stock worth $651,912,000 after buying an additional 6,440,709 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter worth about $380,254,000. Finally, Equity Investment Corp Acquisition Inc purchased a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth $133,857,000. Institutional investors and hedge funds own 50.54% of the company’s stock.

Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.38% during midday trading on Friday, hitting $81.28. 7,497,160 shares of the stock were exchanged. The firm has a market cap of $344.40 billion, a PE ratio of 33.87 and a beta of 0.82. Exxon Mobil Corporation has a 52-week low of $79.26 and a 52-week high of $95.55. The firm’s 50-day moving average is $81.74 and its 200 day moving average is $83.51.

Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, April 28th. The oil and gas company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The business had revenue of $63.29 billion during the quarter, compared to the consensus estimate of $64.88 billion. Exxon Mobil Corporation had a return on equity of 6.78% and a net margin of 4.17%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. On average, analysts forecast that Exxon Mobil Corporation will post $3.71 earnings per share for the current year.

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A number of analysts have recently weighed in on the stock. Maxim Group assumed coverage on shares of Exxon Mobil Corporation in a report on Thursday, May 11th. They set a “hold” rating for the company. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.00 to $100.00 in a research note on Thursday, May 11th. Zacks Investment Research raised shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price objective for the company. in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada set a $96.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $86.05.

About Exxon Mobil Corporation

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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