YHB Investment Advisors Inc. Sells 65,823 Shares of Exxon Mobil Corporation (XOM)

YHB Investment Advisors Inc. decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 34.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,091 shares of the oil and gas company’s stock after selling 65,823 shares during the quarter. Exxon Mobil Corporation makes up 1.7% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 14th biggest holding. YHB Investment Advisors Inc.’s holdings in Exxon Mobil Corporation were worth $10,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. DnB Asset Management AS boosted its position in shares of Exxon Mobil Corporation by 19.5% during the 1st quarter. DnB Asset Management AS now owns 522,536 shares of the oil and gas company’s stock worth $42,853,000 after acquiring an additional 85,300 shares in the last quarter. Bank of The West boosted its position in shares of Exxon Mobil Corporation by 5.2% during the 1st quarter. Bank of The West now owns 69,676 shares of the oil and gas company’s stock worth $5,714,000 after acquiring an additional 3,425 shares in the last quarter. Greylin Investment Mangement Inc. boosted its position in shares of Exxon Mobil Corporation by 2.9% during the 1st quarter. Greylin Investment Mangement Inc. now owns 397,720 shares of the oil and gas company’s stock worth $32,617,000 after acquiring an additional 11,360 shares in the last quarter. Benin Management CORP boosted its position in shares of Exxon Mobil Corporation by 8.4% in the 1st quarter. Benin Management CORP now owns 60,340 shares of the oil and gas company’s stock valued at $4,949,000 after purchasing an additional 4,700 shares during the period. Finally, Cypress Capital Management LLC WY boosted its position in shares of Exxon Mobil Corporation by 373.7% in the 1st quarter. Cypress Capital Management LLC WY now owns 10,965 shares of the oil and gas company’s stock valued at $899,000 after purchasing an additional 8,650 shares during the period. Institutional investors own 50.82% of the company’s stock.

In related news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was 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 directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Exxon Mobil Corporation (NYSE:XOM) opened at $83.18 on Monday. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.21. The firm has a market capitalization of $352,442.47, a P/E ratio of 23.37, a P/E/G ratio of 1.75 and a beta of 0.84. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s payout ratio is currently 100.33%.

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XOM has been the subject of a number of research analyst reports. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 target price for the company in a research report on Monday, July 10th. Barclays PLC raised Exxon Mobil Corporation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $80.16 to $94.00 in a research report on Tuesday, July 11th. Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, July 11th. J P Morgan Chase & Co set a $81.00 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research cut Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.75.

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.

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

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