First City Capital Management Inc. cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,669 shares of the oil and gas company’s stock after selling 74 shares during the period. Exxon Mobil Corporation makes up about 4.3% of First City Capital Management Inc.’s holdings, making the stock its largest holding. First City Capital Management Inc.’s holdings in Exxon Mobil Corporation were worth $6,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Cordasco Financial Network grew its position in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 15 shares in the last quarter. Horizon Investment Services LLC grew its position in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after purchasing an additional 20 shares in the last quarter. LifePlan Financial Group Inc grew its position in shares of Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock valued at $370,000 after purchasing an additional 24 shares in the last quarter. Nadler Financial Group Inc. grew its position in shares of Exxon Mobil Corporation by 0.3% in the first quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock valued at $1,301,000 after purchasing an additional 40 shares in the last quarter. Finally, Alpha Windward LLC grew its position in shares of Exxon Mobil Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 5,298 shares of the oil and gas company’s stock valued at $434,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

XOM has been the subject of a number of analyst reports. Wolfe Research lowered Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $83.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday, May 30th. Zacks Investment Research lowered Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. BMO Capital Markets upped their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, June 21st. Finally, Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.47 price target for the company in a research report on Monday, July 24th. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $84.44.

In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction 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 transaction, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company’s stock.

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Exxon Mobil Corporation (XOM) traded up 0.019% during trading on Wednesday, reaching $79.515. The company had a trading volume of 3,562,760 shares. The stock has a 50 day moving average price of $78.41 and a 200-day moving average price of $80.87. The company has a market capitalization of $336.91 billion, a PE ratio of 28.664 and a beta of 0.82. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 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 analyst estimates of $61.35 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were issued a $0.77 dividend. 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 3.87%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.

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.

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

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