O Brien Greene & Co. Inc reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 23.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,884 shares of the oil and gas company’s stock after selling 2,455 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Exxon Mobil were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. MBE Wealth Management LLC lifted its holdings in Exxon Mobil by 45.6% in the 1st quarter. MBE Wealth Management LLC now owns 4,482 shares of the oil and gas company’s stock worth $170,000 after purchasing an additional 1,404 shares during the last quarter. Private Capital Group LLC lifted its holdings in shares of Exxon Mobil by 33.6% during the first quarter. Private Capital Group LLC now owns 31,055 shares of the oil and gas company’s stock worth $1,179,000 after buying an additional 7,813 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 30.8% during the first quarter. AE Wealth Management LLC now owns 389,101 shares of the oil and gas company’s stock worth $14,774,000 after buying an additional 91,612 shares during the last quarter. Trustcore Financial Services LLC lifted its holdings in shares of Exxon Mobil by 8.0% during the first quarter. Trustcore Financial Services LLC now owns 26,831 shares of the oil and gas company’s stock worth $1,019,000 after buying an additional 1,983 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Exxon Mobil by 330.1% during the first quarter. Benjamin Edwards Inc. now owns 10,078 shares of the oil and gas company’s stock worth $383,000 after buying an additional 7,735 shares during the last quarter. Hedge funds and other institutional investors own 55.61% of the company’s stock.

Shares of XOM opened at $42.00 on Friday. Exxon Mobil Co. has a 12-month low of $30.11 and a 12-month high of $77.93. The stock’s fifty day simple moving average is $42.12 and its 200-day simple moving average is $57.67. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $188.77 billion, a PE ratio of 15.73 and a beta of 1.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.49. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The firm had revenue of $56.16 billion for the quarter, compared to analyst estimates of $58.25 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post -0.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th will be issued a $0.87 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $3.48 annualized dividend and a dividend yield of 8.29%. Exxon Mobil’s dividend payout ratio (DPR) is currently 154.67%.

A number of research analysts have recently commented on the company. Credit Suisse Group upped their price target on Exxon Mobil from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Argus lowered Exxon Mobil from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday. Bank of America restated a “buy” rating and set a $70.00 price objective on shares of Exxon Mobil in a research report on Monday, May 4th. Finally, Barclays restated a “hold” rating and set a $67.00 price objective on shares of Exxon Mobil in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and an average price target of $56.65.

In other news, Director William C. Weldon acquired 4,591 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost of $43.56 per share, for a total transaction of $199,983.96. Following the completion of the acquisition, the director now owns 30,947 shares in the company, valued at $1,348,051.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Neil W. Duffin acquired 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average price of $36.41 per share, with a total value of $1,092,300.00. Following the completion of the acquisition, the vice president now owns 571,150 shares of the company’s stock, valued at approximately $20,795,571.50. The disclosure for this purchase can be found here. Insiders acquired 38,771 shares of company stock valued at $1,493,300 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.

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.

Further Reading: Technical Analysis

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

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