Exxon Mobil Corporation (XOM) Stake Lessened by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,272 shares of the oil and gas company’s stock after selling 809 shares during the quarter. Exxon Mobil Corporation accounts for approximately 0.7% of Joel Isaacson & Co. LLC’s investment portfolio, making the stock its 18th biggest holding. Joel Isaacson & Co. LLC’s holdings in Exxon Mobil Corporation were worth $3,493,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CNA Financial Corp raised its position in shares of Exxon Mobil Corporation by 23.1% during the 1st quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after purchasing an additional 3,725 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of Exxon Mobil Corporation during the 1st quarter worth about $754,000. Doyle Wealth Management raised its position in shares of Exxon Mobil Corporation by 2.7% during the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock worth $20,935,000 after purchasing an additional 6,921 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Exxon Mobil Corporation by 1.6% during the 2nd quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock worth $65,262,000 after purchasing an additional 12,362 shares during the last quarter. Finally, Holderness Investments Co. raised its position in shares of Exxon Mobil Corporation by 48.1% during the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock worth $3,962,000 after purchasing an additional 15,687 shares during the last quarter. 50.84% of the stock is currently owned by institutional investors and hedge funds.

In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Several research analysts recently weighed in on XOM shares. Vetr upgraded shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price target for the company in a research report on Tuesday, August 29th. Wolfe Research downgraded shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Piper Jaffray Companies set a $76.00 price target on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Friday, August 25th. Citigroup Inc. reduced their price target on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $88.00 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $85.57.

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Exxon Mobil Corporation (XOM) opened at $82.89 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The firm has a market cap of $351,425.59, a P/E ratio of 23.30, a P/E/G ratio of 1.75 and a beta of 0.84. Exxon Mobil Corporation has a 1 year low of $76.05 and a 1 year high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter last year, the company posted $0.63 EPS. analysts expect that Exxon Mobil Corporation will post 3.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.72%. Exxon Mobil Corporation’s dividend payout ratio is presently 100.33%.

Exxon Mobil Corporation Company Profile

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 Corporation (NYSE:XOM)

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