Exxon Mobil Co. (NYSE:XOM) Shares Sold by Pzena Investment Management LLC

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Pzena Investment Management LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,622,536 shares of the oil and gas company’s stock after selling 330,250 shares during the period. Pzena Investment Management LLC owned approximately 0.06% of Exxon Mobil worth $200,965,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XOM. Massey Quick Simon & CO. LLC lifted its position in shares of Exxon Mobil by 625.3% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 469 shares in the last quarter. Asset Planning Services Ltd. lifted its position in shares of Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares in the last quarter. INR Advisory Services LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $43,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $45,000. Finally, Interactive Financial Advisors purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $65,000. 54.48% of the stock is owned by institutional investors and hedge funds.

In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

XOM has been the subject of several research analyst reports. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Barclays initiated coverage on shares of Exxon Mobil in a research report on Monday. They issued an “equal weight” rating and a $73.00 price target for the company. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. Finally, Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $81.83.

Exxon Mobil stock opened at $68.97 on Friday. The firm has a market cap of $292.07 billion, a PE ratio of 13.99, a P/E/G ratio of 1.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The firm’s 50 day moving average price is $73.32 and its two-hundred day moving average price is $76.70. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 firm had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 3.2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.05%. Exxon Mobil’s dividend payout ratio (DPR) is 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.

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

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