Exxon Mobil Corporation (XOM) Shares Sold by Capital One National Association

Capital One National Association decreased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,268 shares of the oil and gas company’s stock after selling 13,173 shares during the period. Exxon Mobil Corporation comprises approximately 1.7% of Capital One National Association’s portfolio, making the stock its 8th largest position. Capital One National Association’s holdings in Exxon Mobil Corporation were worth $23,030,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. State Street Corp grew 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 worth $17,695,085,000 after acquiring an additional 15,740,895 shares in the last quarter. Schwab Charles Investment Management Inc. grew 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 worth $1,567,780,000 after acquiring an additional 1,150,881 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew 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 worth $976,677,000 after acquiring an additional 51,810 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Exxon Mobil Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 4,703,805 shares of the oil and gas company’s stock worth $385,759,000 after acquiring an additional 47,545 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its stake in shares of Exxon Mobil Corporation by 11.1% in the first quarter. State of Wisconsin Investment Board now owns 3,917,301 shares of the oil and gas company’s stock worth $321,258,000 after acquiring an additional 390,779 shares in the last quarter. Institutional investors and hedge funds own 50.74% of the company’s stock.

Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.43% during midday trading on Thursday, hitting $80.20. 4,200,587 shares of the stock were exchanged. The company has a market cap of $339.82 billion, a PE ratio of 28.91 and a beta of 0.82. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The firm has a 50-day moving average price of $78.37 and a 200-day moving average price of $80.77.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post $3.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were given a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.82%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

XOM has been the subject of several research reports. Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price target for the company in a research note on Monday, June 5th. Cowen and Company restated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Morgan Stanley set a $81.00 price target on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada downgraded shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $96.00 to $95.00 in a research note on Thursday, July 6th. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.65.

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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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