Exxon Mobil Corporation (XOM) Position Cut by Kistler Tiffany Companies LLC

Kistler Tiffany Companies LLC lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,348 shares of the oil and gas company’s stock after selling 2,169 shares during the quarter. Exxon Mobil Corporation makes up approximately 2.5% of Kistler Tiffany Companies LLC’s holdings, making the stock its 8th biggest holding. Kistler Tiffany Companies LLC’s holdings in Exxon Mobil Corporation were worth $5,437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Horizon Investment Services LLC boosted its position in Exxon Mobil Corporation by 0.4% during the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after acquiring an additional 20 shares during the last quarter. Jag Capital Management LLC boosted its position in Exxon Mobil Corporation by 0.5% during the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after acquiring an additional 26 shares during the last quarter. Harwood Advisory Group LLC boosted its position in Exxon Mobil Corporation by 0.5% during the second quarter. Harwood Advisory Group LLC now owns 8,271 shares of the oil and gas company’s stock worth $668,000 after acquiring an additional 40 shares during the last quarter. Sonata Capital Group Inc. boosted its position in Exxon Mobil Corporation by 0.9% during the first quarter. Sonata Capital Group Inc. now owns 5,522 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 50 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its position in Exxon Mobil Corporation by 0.4% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,519 shares of the oil and gas company’s stock worth $1,011,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.

XOM has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Vetr lowered shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. in a report on Friday, October 6th. Barclays PLC reiterated an “overweight” rating and issued a $94.00 price target (up previously from $91.00) on shares of Exxon Mobil Corporation in a report on Friday, October 13th. Morgan Stanley reiterated an “underperform” rating on shares of Exxon Mobil Corporation in a report on Thursday, October 19th. Finally, BNP Paribas set a $70.00 price target on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a report on Monday, September 25th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $85.75.

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In other news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction 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 in the company, valued at approximately $18,470,182.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven Reinemund sold 1,100 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

Shares of Exxon Mobil Corporation (XOM) opened at 83.54 on Tuesday. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.21. The stock has a market cap of $353.97 billion, a P/E ratio of 30.12 and a beta of 0.82. The company’s 50-day moving average is $81.73 and its 200 day moving average is $80.79.

Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.30%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the prior year, the company posted $0.63 EPS. Equities research analysts anticipate that Exxon Mobil Corporation will post $3.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is 100.33%.

About Exxon Mobil Corporation

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.

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

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