Ipswich Investment Management Co. Inc. cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,299 shares of the oil and gas company’s stock after selling 6,557 shares during the period. Exxon Mobil Corporation comprises 4.3% of Ipswich Investment Management Co. Inc.’s holdings, making the stock its largest holding. Ipswich Investment Management Co. Inc.’s holdings in Exxon Mobil Corporation were worth $9,227,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Cordasco Financial Network increased its holdings in shares of Exxon Mobil Corporation by 0.6% in the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares during the last quarter. Horizon Investment Services LLC increased its holdings in shares of Exxon Mobil Corporation by 0.4% in the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares during the last quarter. LifePlan Financial Group Inc increased its holdings in shares of Exxon Mobil Corporation by 0.5% in the 1st quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock worth $370,000 after buying an additional 24 shares during the last quarter. Nadler Financial Group Inc. increased its holdings in shares of Exxon Mobil Corporation by 0.3% in the 1st quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock worth $1,301,000 after buying an additional 40 shares during the last quarter. Finally, Harwood Advisory Group LLC increased its holdings in shares of Exxon Mobil Corporation by 0.5% in the 2nd quarter. Harwood Advisory Group LLC now owns 8,271 shares of the oil and gas company’s stock worth $668,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.

A number of analysts have recently weighed in on the stock. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC reiterated a “hold” rating and set a $86.00 price target on shares of Exxon Mobil Corporation in a report on Wednesday, May 17th. BMO Capital Markets upped their price target on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a report on Thursday, June 15th. Finally, Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price target on the stock. in a report on Tuesday, July 4th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil Corporation has an average rating of “Hold” and a consensus target price of $84.41.

Exxon Mobil Corporation (NYSE XOM) traded down 0.424% on Friday, hitting $78.695. 3,657,942 shares of the company traded hands. The firm has a market capitalization of $333.44 billion, a P/E ratio of 28.369 and a beta of 0.82. The stock’s 50-day moving average is $78.49 and its 200 day moving average is $80.91. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. Exxon Mobil Corporation also was the target of some unusual options trading activity on Wednesday. Traders bought 42,933 call options on the stock. This is an increase of approximately 216% compared to the average daily volume of 13,590 call options.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.90%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.

In related news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by insiders.

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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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