Cottage Street Advisors LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,710 shares of the oil and gas company’s stock after selling 3,032 shares during the quarter. Cottage Street Advisors LLC’s holdings in Exxon Mobil Corporation were worth $1,510,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Horizon Investment Services LLC boosted its stake in Exxon Mobil Corporation by 0.4% during the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after acquiring an additional 20 shares during the last quarter. Alpha Windward LLC boosted its stake in Exxon Mobil Corporation by 0.8% during the 1st quarter. Alpha Windward LLC now owns 5,298 shares of the oil and gas company’s stock worth $434,000 after acquiring an additional 43 shares during the last quarter. Sonata Capital Group Inc. boosted its stake in Exxon Mobil Corporation by 0.9% during the 1st quarter. Sonata Capital Group Inc. now owns 5,522 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 50 shares during the last quarter. Family Legacy Inc. boosted its stake in Exxon Mobil Corporation by 0.3% during the 2nd quarter. Family Legacy Inc. now owns 25,927 shares of the oil and gas company’s stock worth $2,093,000 after acquiring an additional 75 shares during the last quarter. Finally, Robinson Value Management Ltd. boosted its stake in Exxon Mobil Corporation by 0.5% during the 2nd quarter. Robinson Value Management Ltd. now owns 18,878 shares of the oil and gas company’s stock worth $1,524,000 after acquiring an additional 95 shares during the last quarter. 50.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Exxon Mobil Corporation (XOM) traded up 0.22% on Thursday, reaching $81.97. The company’s stock had a trading volume of 2,372,954 shares. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The stock has a market cap of $347.32 billion, a P/E ratio of 29.55 and a beta of 0.82. The firm’s 50-day moving average price is $78.88 and its 200-day moving average price is $80.73.

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 the Zacks’ consensus estimate of $0.83 by ($0.05). The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. On average, analysts forecast that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.77%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.

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Several research analysts recently weighed in on XOM shares. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a research note on Thursday, June 15th. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price objective on the stock. in a research note on Tuesday, July 4th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Finally, Barclays PLC set a $94.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Monday, August 21st. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $84.75.

In related news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

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.

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

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