Tandem Investment Advisors Inc. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 5.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,041 shares of the oil and gas company’s stock after buying an additional 402 shares during the period. Tandem Investment Advisors Inc.’s holdings in Exxon Mobil were worth $649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Exxon Mobil by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares in the last quarter. Capital Research Global Investors increased its stake in Exxon Mobil by 7.0% in the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after purchasing an additional 2,058,060 shares in the last quarter. Legal & General Group Plc increased its stake in Exxon Mobil by 2.7% in the second quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock valued at $1,872,300,000 after purchasing an additional 604,537 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Exxon Mobil by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock valued at $1,656,859,000 after purchasing an additional 1,406,529 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Exxon Mobil by 2.0% in the second quarter. Ameriprise Financial Inc. now owns 18,460,434 shares of the oil and gas company’s stock valued at $1,490,398,000 after purchasing an additional 353,561 shares in the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.

Several equities research analysts have commented on XOM shares. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 target price for the company in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $76.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Friday, August 25th. Goldman Sachs Group set a $86.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, October 30th. Royal Bank of Canada set a $90.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, downgraded shares of Exxon Mobil from a “hold” rating to a “reduce” rating and lowered their price objective for the stock from $83.60 to $77.00 in a research report on Tuesday, November 7th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $86.32.

Exxon Mobil Corporation (NYSE:XOM) traded up $0.36 during trading on Thursday, reaching $83.12. 10,172,600 shares of the company were exchanged, compared to its average volume of 10,962,847. The company has a market capitalization of $350,684.06, a P/E ratio of 23.25, a P/E/G ratio of 1.73 and a beta of 0.83. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $92.27. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter last year, the firm earned $0.63 earnings per share. analysts predict that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is currently 100.33%.

In other Exxon Mobil news, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at $15,645,464.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,013 shares of company stock valued at $5,084,352. 0.08% of the stock is owned by insiders.

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About Exxon Mobil

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 (NYSE:XOM)

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