Pineno Levin & Ford Asset Management Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,124 shares of the oil and gas company’s stock after selling 76 shares during the quarter. Exxon Mobil Corporation makes up about 1.9% of Pineno Levin & Ford Asset Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Pineno Levin & Ford Asset Management Inc.’s holdings in Exxon Mobil Corporation were worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Exxon Mobil Corporation by 7.9% during the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after purchasing an additional 15,740,895 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Exxon Mobil Corporation by 6.4% during the first 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 purchasing an additional 1,150,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Exxon Mobil Corporation by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after purchasing an additional 51,810 shares during the last quarter. APG Asset Management N.V. lifted its stake in Exxon Mobil Corporation by 22.7% in the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock valued at $910,002,000 after buying an additional 2,088,263 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Exxon Mobil Corporation by 0.6% in the second quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock valued at $381,912,000 after buying an additional 26,923 shares during the last quarter. 50.83% of the stock is owned by institutional investors and hedge funds.

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In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation 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 transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

XOM has been the topic of a number of recent research reports. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price on the stock in a research note on Tuesday, August 29th. Wolfe Research cut Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Piper Jaffray Companies set a $76.00 price objective on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Friday, August 25th. Citigroup Inc. cut their price objective on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Finally, Royal Bank of Canada set a $88.00 price objective on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Thursday, July 20th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil Corporation presently has an average rating of “Hold” and an average target price of $85.57.

Shares of Exxon Mobil Corporation (NYSE:XOM) opened at $82.94 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $355,789.78, a P/E ratio of 23.59, a P/E/G ratio of 1.77 and a beta of 0.84. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the previous year, the business posted $0.63 EPS. analysts predict that Exxon Mobil Corporation will post 3.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.

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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