First Merchants Corp lessened its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,851 shares of the oil and gas company’s stock after selling 1,104 shares during the quarter. First Merchants Corp’s holdings in Exxon Mobil Corporation were worth $2,975,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. IBM Retirement Fund boosted its holdings in shares of Exxon Mobil Corporation by 75.8% in the second quarter. IBM Retirement Fund now owns 103,806 shares of the oil and gas company’s stock valued at $9,365,000 after buying an additional 44,742 shares during the period. NGAM Advisors L.P. boosted its holdings in shares of Exxon Mobil Corporation by 3.0% in the second quarter. NGAM Advisors L.P. now owns 249,959 shares of the oil and gas company’s stock valued at $20,179,000 after buying an additional 7,243 shares during the period. Hanson & Doremus Investment Management lifted its position in shares of Exxon Mobil Corporation by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 23,344 shares of the oil and gas company’s stock worth $1,885,000 after purchasing an additional 212 shares in the last quarter. John G Ullman & Associates Inc. lifted its position in shares of Exxon Mobil Corporation by 10.0% in the second quarter. John G Ullman & Associates Inc. now owns 249,802 shares of the oil and gas company’s stock worth $20,167,000 after purchasing an additional 22,696 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Exxon Mobil Corporation by 5.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 171,680 shares of the oil and gas company’s stock worth $13,860,000 after purchasing an additional 9,020 shares in the last quarter. Institutional investors own 50.73% of the company’s stock.

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Exxon Mobil Corporation (NYSE:XOM) opened at 83.11 on Monday. The stock has a 50 day moving average of $80.92 and a 200-day moving average of $80.79. The company has a market cap of $352.15 billion, a PE ratio of 29.96 and a beta of 0.82. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.21.

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 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 period in the previous year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corporation will post $3.49 earnings per share for the current fiscal year.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 1,100 shares of the company’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 directly 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. 0.08% of the stock is currently owned by insiders.

A number of analysts have recently commented on XOM shares. Cowen and Company reissued a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil Corporation in a research report on Tuesday, September 19th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. 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 report on Tuesday, July 4th. Morgan Stanley set a $81.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada lowered shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $96.00 to $95.00 in a research report on Thursday, July 6th. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $85.32.

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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