Whittier Trust Co. of Nevada Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,817 shares of the oil and gas company’s stock after selling 1,363 shares during the period. Exxon Mobil Corporation accounts for 1.3% of Whittier Trust Co. of Nevada Inc.’s holdings, making the stock its 13th largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Exxon Mobil Corporation were worth $13,869,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bollard Group LLC increased its position in shares of Exxon Mobil Corporation by 0.3% in the second quarter. Bollard Group LLC now owns 32,611 shares of the oil and gas company’s stock valued at $2,633,000 after buying an additional 86 shares during the period. Bridge Creek Capital Management LLC increased its position in shares of Exxon Mobil Corporation by 1.0% in the second quarter. Bridge Creek Capital Management LLC now owns 81,489 shares of the oil and gas company’s stock valued at $6,579,000 after buying an additional 845 shares during the period. Viking Fund Management LLC increased its position in shares of Exxon Mobil Corporation by 9.0% in the second quarter. Viking Fund Management LLC now owns 182,750 shares of the oil and gas company’s stock valued at $14,753,000 after buying an additional 15,100 shares during the period. Reilly Financial Advisors LLC increased its position in shares of Exxon Mobil Corporation by 10.0% in the second quarter. Reilly Financial Advisors LLC now owns 186,703 shares of the oil and gas company’s stock valued at $15,072,000 after buying an additional 16,920 shares during the period. Finally, Mitchell Sinkler & Starr PA increased its position in shares of Exxon Mobil Corporation by 1.6% in the second quarter. Mitchell Sinkler & Starr PA now owns 30,565 shares of the oil and gas company’s stock valued at $2,468,000 after buying an additional 484 shares during the period. Institutional investors own 50.77% of the company’s stock.

Shares of Exxon Mobil Corporation (NYSE XOM) traded up 0.58% on Friday, hitting $76.77. The company’s stock had a trading volume of 3,553,288 shares. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The firm has a market cap of $325.28 billion, a price-to-earnings ratio of 27.67 and a beta of 0.81. The stock’s 50-day moving average price is $79.45 and its 200-day moving average price is $81.27.

Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Exxon Mobil Corporation’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.

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Several brokerages have commented on XOM. UBS AG reiterated an “underweight” rating on shares of Exxon Mobil Corporation in a report on Thursday. Vetr downgraded Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price target on the stock. in a report on Wednesday. Independent Research GmbH set a $84.00 price target on Exxon Mobil Corporation and gave the company a “neutral” rating in a report on Monday. Barclays PLC set a $94.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Monday. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $80.00 price target (down previously from $81.00) on shares of Exxon Mobil Corporation in a report on Friday, August 18th. Eight research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and a consensus target price of $84.90.

In related news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.

Exxon Mobil Corporation Company 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.

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

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