Washington Trust Bank trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,283 shares of the oil and gas company’s stock after selling 2,510 shares during the quarter. Washington Trust Bank’s holdings in Exxon Mobil were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Reitz Capital Advisors LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $33,000. TFO TDC LLC raised its holdings in shares of Exxon Mobil by 137.4% in the 1st quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 500 shares in the last quarter. PrairieView Partners LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $37,000. Capstone Financial Group Inc. raised its holdings in shares of Exxon Mobil by 49.0% in the 2nd quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 367 shares in the last quarter. Finally, Evolution Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 1,200 shares in the last quarter. Institutional investors own 52.16% of the company’s stock.

XOM traded up $0.21 on Friday, reaching $42.08. 32,123,002 shares of the company traded hands, compared to its average volume of 18,976,564. The stock’s 50 day moving average price is $44.44 and its 200-day moving average price is $48.35. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $75.66. The company has a market cap of $177.04 billion, a price-to-earnings ratio of 15.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The company had revenue of $32.61 billion for the quarter, compared to analysts’ expectations of $38.16 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was down 52.8% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post -0.38 earnings per share for the current fiscal year.

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

A number of analysts recently commented on XOM shares. Scotiabank dropped their target price on shares of Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating on the stock in a report on Monday, July 13th. Mizuho dropped their target price 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. UBS Group boosted their target price on shares of Exxon Mobil from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Standpoint Research downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Finally, Credit Suisse Group lifted their target price on shares of Exxon Mobil from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price 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.

Read More: What is a capital gains distribution?

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.