RKL Wealth Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,755 shares of the oil and gas company’s stock after selling 4,152 shares during the period. RKL Wealth Management LLC’s holdings in Exxon Mobil were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Wedbush Securities Inc. lifted its position in shares of Exxon Mobil by 12.8% during the 2nd quarter. Wedbush Securities Inc. now owns 94,467 shares of the oil and gas company’s stock valued at $7,815,000 after buying an additional 10,722 shares in the last quarter. Tirschwell & Loewy Inc. lifted its position in shares of Exxon Mobil by 4.7% during the 2nd quarter. Tirschwell & Loewy Inc. now owns 22,909 shares of the oil and gas company’s stock valued at $1,895,000 after buying an additional 1,031 shares in the last quarter. Sather Financial Group Inc lifted its position in shares of Exxon Mobil by 60.7% during the 2nd quarter. Sather Financial Group Inc now owns 14,478 shares of the oil and gas company’s stock valued at $1,198,000 after buying an additional 5,467 shares in the last quarter. Icon Advisers Inc. Co. lifted its position in shares of Exxon Mobil by 31.9% during the 2nd quarter. Icon Advisers Inc. Co. now owns 332,000 shares of the oil and gas company’s stock valued at $27,466,000 after buying an additional 80,300 shares in the last quarter. Finally, Capital Analysts LLC lifted its position in shares of Exxon Mobil by 65.6% during the 2nd quarter. Capital Analysts LLC now owns 8,085 shares of the oil and gas company’s stock valued at $669,000 after buying an additional 3,203 shares in the last quarter. Hedge funds and other institutional investors own 52.46% of the company’s stock.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on the company. HSBC reiterated a “buy” rating and set a $95.00 target price on shares of Exxon Mobil in a research report on Tuesday, November 6th. Goldman Sachs Group reiterated a “neutral” rating and set a $84.00 target price on shares of Exxon Mobil in a research report on Monday, November 5th. Berenberg Bank reissued a “neutral” rating and issued a $85.00 price objective on shares of Exxon Mobil in a research note on Monday, November 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a price objective on shares of Exxon Mobil in a research note on Monday, November 5th. Finally, Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Thursday, October 25th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $87.27.

NYSE XOM opened at $78.19 on Friday. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30. The firm has a market capitalization of $338.28 billion, a P/E ratio of 21.78, a PEG ratio of 2.26 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The business had revenue of $76.61 billion during the quarter, compared to the consensus estimate of $72.91 billion. During the same period last year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 4.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.

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About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Further Reading: Average Daily Trade Volume – What You Need to Know

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

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