OLD National Bancorp IN decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 351,000 shares of the oil and gas company’s stock after selling 9,494 shares during the quarter. Exxon Mobil Corporation makes up about 1.6% of OLD National Bancorp IN’s holdings, making the stock its 9th biggest position. OLD National Bancorp IN’s holdings in Exxon Mobil Corporation were worth $28,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in XOM. State Street Corp lifted its position in Exxon Mobil Corporation by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares in the last quarter. Pioneer Investment Management Inc. lifted its position in Exxon Mobil Corporation by 142.4% in the 1st quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock worth $182,052,000 after buying an additional 1,304,036 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Exxon Mobil Corporation by 6.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares in the last quarter. State of Tennessee Treasury Department lifted its position in Exxon Mobil Corporation by 28.5% in the 1st quarter. State of Tennessee Treasury Department now owns 3,214,501 shares of the oil and gas company’s stock worth $263,621,000 after buying an additional 712,959 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its position in Exxon Mobil Corporation by 513.6% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 680,057 shares of the oil and gas company’s stock worth $54,901,000 after buying an additional 569,228 shares in the last quarter. Institutional investors own 50.74% of the company’s stock.

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

Shares of Exxon Mobil Corporation (XOM) traded down 0.02% during mid-day trading on Friday, hitting $82.41. 7,180,046 shares of the stock traded hands. The firm has a market capitalization of $349.18 billion, a P/E ratio of 29.75 and a beta of 0.82. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.21. The company’s 50 day moving average is $80.09 and its 200 day moving average is $80.76.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly 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 net margin of 4.75% and a return on equity of 7.62%. The business had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter last year, the company posted $0.41 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post $3.44 EPS for the current fiscal year.

XOM has been the subject of a number of research analyst reports. Vetr upgraded shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price for the company in a research report on Tuesday, August 29th. Wolfe Research downgraded shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Zacks Investment Research downgraded shares of Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 14th. BMO Capital Markets raised 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. Finally, Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.94.

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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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