Parallel Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.0% during the third quarter, HoldingsChannel reports. The firm owned 61,958 shares of the oil and gas company’s stock after selling 4,658 shares during the quarter. Parallel Advisors LLC’s holdings in Exxon Mobil were worth $4,375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 0.9% in the second quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after buying an additional 2,953,857 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Exxon Mobil by 0.4% during the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after acquiring an additional 1,069,038 shares during the period. Northern Trust Corp boosted its holdings in shares of Exxon Mobil by 0.5% during the second quarter. Northern Trust Corp now owns 57,794,339 shares of the oil and gas company’s stock valued at $4,428,779,000 after acquiring an additional 305,219 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 4.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock valued at $2,050,627,000 after acquiring an additional 1,057,308 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Exxon Mobil by 5,514.1% during the second quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after acquiring an additional 22,268,191 shares during the period. 54.39% of the stock is currently owned by institutional investors and hedge funds.

XOM stock traded down $2.12 during trading on Friday, hitting $70.90. The company had a trading volume of 4,892,199 shares, compared to its average volume of 10,918,494. The firm has a market capitalization of $309.25 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 2.79 and a beta of 0.97. The business has a 50 day moving average of $69.63 and a 200 day moving average of $73.04. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $83.75. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The company had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. During the same period in the prior year, the company earned $0.82 EPS. Exxon Mobil’s revenue was down 15.1% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 2.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Friday, November 8th. Exxon Mobil’s payout ratio is 70.59%.

XOM has been the subject of several analyst reports. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. UBS Group reduced their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Morgan Stanley reduced their price target on shares of Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Monday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $79.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Finally, Royal Bank of Canada reissued a “neutral” rating and set a $75.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $78.91.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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