Adirondack Trust Co. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 3.8% in the third quarter, HoldingsChannel reports. The fund owned 33,176 shares of the oil and gas company’s stock after selling 1,316 shares during the period. Exxon Mobil accounts for 1.6% of Adirondack Trust Co.’s holdings, making the stock its 15th largest position. Adirondack Trust Co.’s holdings in Exxon Mobil were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Exxon Mobil by 2.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 143,910 shares of the oil and gas company’s stock worth $9,813,000 after acquiring an additional 3,352 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Exxon Mobil by 39.1% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 943,995 shares of the oil and gas company’s stock worth $56,310,000 after buying an additional 265,238 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $105,000. Exeter Financial LLC raised its stake in shares of Exxon Mobil by 2.7% during the fourth quarter. Exeter Financial LLC now owns 33,960 shares of the oil and gas company’s stock worth $2,316,000 after buying an additional 903 shares during the last quarter. Finally, GFS Advisors LLC raised its stake in shares of Exxon Mobil by 127.2% during the fourth quarter. GFS Advisors LLC now owns 100,750 shares of the oil and gas company’s stock worth $6,870,000 after buying an additional 56,400 shares during the last quarter. 54.42% of the stock is owned by institutional investors.

In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on XOM shares. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Bank of America reissued a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research note on Friday, September 27th. Royal Bank of Canada reissued a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a research note on Friday, August 2nd. BMO Capital Markets began coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price target for the company. Finally, JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $80.52.

Shares of Exxon Mobil stock traded up $0.74 on Wednesday, hitting $67.44. The company had a trading volume of 7,098,731 shares, compared to its average volume of 11,473,650. The firm has a market capitalization of $291.82 billion, a P/E ratio of 13.68, a P/E/G ratio of 2.02 and a beta of 0.99. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $86.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The stock has a 50-day moving average of $70.07 and a 200-day moving average of $74.77.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 3.11 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend was Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

See Also: What Are Treasury Bonds?

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.