Everett Harris & Co. CA lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,107 shares of the oil and gas company’s stock after selling 37,460 shares during the quarter. Everett Harris & Co. CA’s holdings in Exxon Mobil were worth $12,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Reitz Capital Advisors LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $33,000. TFO TDC LLC raised its position in shares of Exxon Mobil by 137.4% in the first quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 500 shares during the last quarter. PrairieView Partners LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $37,000. Capstone Financial Group Inc. boosted its position in Exxon Mobil by 49.0% during the second quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 367 shares during the last quarter. Finally, Evolution Wealth Advisors LLC grew its stake in Exxon Mobil by 2,790.7% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock worth $56,000 after acquiring an additional 1,200 shares during the period. 52.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Exxon Mobil stock opened at $42.08 on Friday. The firm has a market cap of $177.04 billion, a PE ratio of 15.76 and a beta of 1.33. Exxon Mobil Co. has a 1 year low of $30.11 and a 1 year high of $75.66. The firm’s 50-day simple moving average is $44.44 and its 200-day simple moving average is $48.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.09). The firm had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. Exxon Mobil’s revenue was down 52.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. On average, equities analysts predict that Exxon Mobil Co. will post -0.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend is Wednesday, August 12th. Exxon Mobil’s dividend payout ratio is presently 154.67%.

Several research firms have recently issued reports on XOM. Credit Suisse Group raised their price objective on Exxon Mobil from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. UBS Group raised their price target on Exxon Mobil from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Cfra downgraded shares of Exxon Mobil from a “hold” rating to a “sell” rating and upped their price objective for the company from $41.00 to $43.00 in a research note on Thursday, April 30th. Mizuho cut their price objective on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Finally, BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and one has given a buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $53.17.

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: VIX – Volatility Index

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.