Exxon Mobil Co. (XOM) Stake Lowered by Baystate Wealth Management LLC

Baystate Wealth Management LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 39.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,594 shares of the oil and gas company’s stock after selling 10,607 shares during the period. Exxon Mobil comprises approximately 0.2% of Baystate Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Baystate Wealth Management LLC’s holdings in Exxon Mobil were worth $1,371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. First Eagle Investment Management LLC raised its stake in shares of Exxon Mobil by 43.0% during the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after purchasing an additional 5,440,412 shares during the period. Eaton Vance Management raised its stake in shares of Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock worth $670,382,000 after purchasing an additional 3,136,452 shares during the period. BlackRock Inc. raised its stake in shares of Exxon Mobil by 1.2% during the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after purchasing an additional 2,982,610 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Exxon Mobil by 224.5% during the 1st quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock worth $281,452,000 after purchasing an additional 2,609,710 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Exxon Mobil by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock worth $4,642,701,000 after purchasing an additional 2,474,965 shares during the period. Institutional investors own 52.43% of the company’s stock.

In other news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.08% of the company’s stock.

A number of equities research analysts have recently commented on XOM shares. Royal Bank of Canada set a $100.00 target price on Exxon Mobil and gave the stock a “buy” rating in a research note on Thursday, June 21st. Societe Generale reiterated a “buy” rating and set a $87.00 target price on shares of Exxon Mobil in a research note on Wednesday, July 11th. HSBC reiterated a “buy” rating and set a $93.50 target price on shares of Exxon Mobil in a research note on Monday, July 16th. Finally, Morningstar set a $90.00 target price on Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $87.13.

Shares of Exxon Mobil stock opened at $86.50 on Wednesday. Exxon Mobil Co. has a 52-week low of $72.15 and a 52-week high of $89.30. The stock has a market capitalization of $360.90 billion, a P/E ratio of 24.09, a PEG ratio of 1.43 and a beta of 0.86. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The firm had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The company’s revenue was up 26.6% on a year-over-year basis. sell-side analysts forecast that Exxon Mobil Co. will post 4.54 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s dividend payout ratio is currently 91.36%.

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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

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