Tarbox Family Office Inc. Holds Position in Exxon Mobil Corporation (NYSE:XOM)

Tarbox Family Office Inc. continued to hold its stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the second quarter, Holdings Channel reports. The firm owned 8,155 shares of the oil and gas company’s stock at the end of the second quarter. Exxon Mobil Corporation makes up approximately 0.3% of Tarbox Family Office Inc.’s investment portfolio, making the stock its 24th largest position. Tarbox Family Office Inc.’s holdings in Exxon Mobil Corporation were worth $658,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in XOM. State Street Corp increased its stake in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after buying an additional 15,740,895 shares during the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at $3,306,084,000. Schwab Charles Investment Management Inc. increased its stake in shares of Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock valued at $1,567,780,000 after buying an additional 1,150,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock valued at $976,677,000 after buying an additional 51,810 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Exxon Mobil Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock valued at $655,276,000 after buying an additional 471,230 shares during the last quarter. 50.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Exxon Mobil Corporation (XOM) traded down 0.96% on Friday, hitting $78.21. The stock had a trading volume of 10,192,375 shares. The company has a market capitalization of $331.38 billion, a P/E ratio of 28.19 and a beta of 0.81. Exxon Mobil Corporation has a one year low of $78.20 and a one year high of $93.22. The firm has a 50 day moving average price of $80.50 and a 200 day moving average price of $81.75.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.

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XOM has been the topic of several recent analyst reports. BMO Capital Markets set a $78.00 target price on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. Zacks Investment Research raised Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BNP Paribas reaffirmed a “sell” rating and set a $70.00 target price on shares of Exxon Mobil Corporation in a research note on Wednesday, July 5th. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 target price on the stock in a research note on Monday, July 10th. Finally, Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, July 11th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $84.98.

In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.08% of the company’s stock.

About Exxon Mobil Corporation

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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

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