Sawtooth Solutions LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.3% in the second quarter, HoldingsChannel reports. The firm owned 45,339 shares of the oil and gas company’s stock after purchasing an additional 4,612 shares during the quarter. Sawtooth Solutions LLC’s holdings in Exxon Mobil were worth $3,752,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of XOM. OppenheimerFunds Inc. boosted its stake in Exxon Mobil by 224.5% during the first quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock worth $281,452,000 after buying an additional 2,609,710 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Exxon Mobil by 8,906.3% during the second quarter. Cornerstone Wealth Management LLC now owns 1,605,545 shares of the oil and gas company’s stock worth $19,636,000 after purchasing an additional 1,587,718 shares during the last quarter. Unigestion Holding SA bought a new stake in shares of Exxon Mobil during the second quarter worth $114,974,000. Kiltearn Partners LLP bought a new stake in shares of Exxon Mobil during the first quarter worth $95,032,000. Finally, Summit Trail Advisors LLC lifted its position in shares of Exxon Mobil by 5,846.6% during the first quarter. Summit Trail Advisors LLC now owns 1,247,174 shares of the oil and gas company’s stock worth $1,247,000 after purchasing an additional 1,226,201 shares during the last quarter. 53.33% of the stock is owned by hedge funds and other institutional investors.

In related news, VP David S. Rosenthal sold 7,562 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $81.24, for a total value of $614,336.88. Following the sale, the vice president now owns 258,250 shares in the company, valued at $20,980,230. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were 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 owns 214,774 shares in the company, valued at approximately $18,045,311.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,939 shares of company stock worth $3,241,095. 0.08% of the stock is owned by insiders.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Monday, October 1st. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Wednesday, October 17th. HSBC restated a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil in a report on Wednesday, September 12th. Wolfe Research upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating in a report on Monday, November 26th. Finally, Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $86.82.

Shares of XOM stock opened at $78.39 on Friday. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The stock has a market cap of $336.58 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $72.91 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The company’s revenue was up 25.4% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 4.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 13th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.18%. Exxon Mobil’s payout ratio is 91.36%.

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Exxon Mobil Profile

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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.

Read More: Benefits of owning preferred stock

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

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