CIBC Private Wealth Group LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 812,528 shares of the oil and gas company’s stock after selling 45,991 shares during the period. CIBC Private Wealth Group LLC’s holdings in Exxon Mobil were worth $67,220,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Macroview Investment Management LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth about $102,000. Corbyn Investment Management Inc. MD purchased a new stake in shares of Exxon Mobil during the first quarter worth about $110,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth about $122,000. Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil during the first quarter worth about $149,000. Finally, Winfield Associates Inc. purchased a new stake in shares of Exxon Mobil during the second quarter worth about $160,000. Institutional investors and hedge funds own 52.43% of the company’s stock.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.

XOM has been the topic of a number of recent research reports. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, August 22nd. HSBC reiterated a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil in a research report on Wednesday, September 12th. Credit Suisse Group set a $80.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, September 6th. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Monday, October 1st. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of Exxon Mobil in a research report on Tuesday, October 23rd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Exxon Mobil has an average rating of “Hold” and an average price target of $87.27.

Shares of NYSE:XOM opened at $80.87 on Friday. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30. The company has a market capitalization of $351.84 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.56% and a net margin of 8.15%. The company had revenue of $76.61 billion during the quarter, compared to the consensus estimate of $72.91 billion. During the same period in the previous year, the company posted $0.93 earnings per share. Exxon Mobil’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 4.75 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s payout ratio is presently 91.36%.

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Exxon Mobil Profile

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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