Old North State Trust LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,609 shares of the oil and gas company’s stock after selling 1,424 shares during the quarter. Old North State Trust LLC’s holdings in Exxon Mobil were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in Exxon Mobil by 2.1% in the first quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock worth $7,840,960,000 after acquiring an additional 4,222,270 shares in the last quarter. Capital Research Global Investors grew its holdings in Exxon Mobil by 7.6% during the 4th quarter. Capital Research Global Investors now owns 66,388,650 shares of the oil and gas company’s stock worth $4,632,600,000 after acquiring an additional 4,674,009 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Exxon Mobil by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 62,862,809 shares of the oil and gas company’s stock valued at $2,383,010,000 after purchasing an additional 893,003 shares during the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $3,055,993,000. Finally, First Eagle Investment Management LLC raised its holdings in Exxon Mobil by 38.2% during the first quarter. First Eagle Investment Management LLC now owns 27,551,706 shares of the oil and gas company’s stock worth $1,046,138,000 after buying an additional 7,611,498 shares during the last quarter. Hedge funds and other institutional investors own 52.23% of the company’s stock.

XOM stock traded up $0.69 during trading on Friday, reaching $42.05. The stock had a trading volume of 11,059,775 shares, compared to its average volume of 23,099,204. Exxon Mobil Co. has a 52 week low of $30.11 and a 52 week high of $77.88. The stock’s 50 day moving average is $46.40 and its two-hundred day moving average is $51.28. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The firm has a market cap of $182.41 billion, a PE ratio of 15.43 and a beta of 1.33.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.49. The business had revenue of $56.16 billion during the quarter, compared to analysts’ expectations of $58.25 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post -1.24 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date was Tuesday, May 12th. Exxon Mobil’s payout ratio is 154.67%.

Several research analysts have recently weighed in on XOM shares. BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 13th. Royal Bank of Canada restated a “sell” rating and set a $42.00 price target on shares of Exxon Mobil in a research report on Friday, May 1st. Argus lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Cfra lowered shares of Exxon Mobil from a “hold” rating to a “sell” rating and increased their target price for the stock from $41.00 to $43.00 in a report on Thursday, April 30th. Finally, HSBC restated a “neutral” rating and issued a $48.00 price objective on shares of Exxon Mobil in a report on Thursday, March 12th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $56.09.

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.

Further Reading: Capital Gains Distribution

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

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