Birch Hill Investment Advisors LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Birch Hill Investment Advisors LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,311 shares of the oil and gas company’s stock after selling 1,390 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Exxon Mobil were worth $6,535,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Guardian Wealth Management Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $30,000. GW&K Investment Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $32,000. CFS Investment Advisory Services LLC grew its holdings in shares of Exxon Mobil by 8,482.4% in the first quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 1,624,980 shares during the period. GoalVest Advisory LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $38,000. Finally, Dravo Bay LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $38,000. Hedge funds and other institutional investors own 56.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Morgan Stanley upped their price objective on shares of Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, September 6th. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their target price for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, August 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $96.69.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jeffrey W. Ubben purchased 960,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were bought at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the purchase, the director now directly owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now owns 27,863 shares in the company, valued at $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Stock Down 0.4 %

Shares of NYSE:XOM opened at $90.57 on Friday. The firm’s 50 day moving average price is $93.05 and its 200 day moving average price is $89.79. The stock has a market cap of $377.46 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.07. Exxon Mobil Co. has a fifty-two week low of $55.28 and a fifty-two week high of $105.57. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm’s revenue was up 70.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 12.67 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 3.89%. Exxon Mobil’s dividend payout ratio (DPR) is 38.51%.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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