Landsberg Bennett & Dubbaneh LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,340 shares of the oil and gas company’s stock after selling 1,648 shares during the quarter. Landsberg Bennett & Dubbaneh LLC’s holdings in Exxon Mobil were worth $3,624,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in XOM. FMR LLC boosted its position in Exxon Mobil by 6.8% during the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock worth $3,859,642,000 after purchasing an additional 3,038,704 shares during the period. Thoroughbred Financial Services LLC boosted its position in Exxon Mobil by 7,471.5% during the second quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock worth $177,180,000 after purchasing an additional 1,748,402 shares during the period. Nomura Holdings Inc. boosted its position in Exxon Mobil by 224.9% during the fourth quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock worth $31,259,000 after purchasing an additional 809,199 shares during the period. Inlet Private Wealth LLC bought a new stake in Exxon Mobil during the fourth quarter worth approximately $48,697,000. Finally, Royal London Asset Management Ltd. boosted its position in Exxon Mobil by 31.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock worth $165,903,000 after purchasing an additional 587,387 shares during the period. 54.52% of the stock is owned by hedge funds and other institutional investors.

Shares of XOM stock traded down $0.09 during trading hours on Tuesday, reaching $75.26. 2,341,899 shares of the company’s stock were exchanged, compared to its average volume of 7,988,067. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36. The company has a market capitalization of $318.66 billion, a PE ratio of 15.26, a P/E/G ratio of 1.95 and a beta of 0.97. The business’s fifty day simple moving average is $75.91. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The business had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 3.5 earnings per share for the current fiscal year.

A number of brokerages have issued reports on XOM. Royal Bank of Canada reaffirmed a “buy” rating and set a $2.50 target price on shares of in a research report on Thursday, July 18th. Zacks Investment Research raised Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd. HSBC reaffirmed a “buy” rating and set a $58.50 target price on shares of Total in a research report on Thursday, May 23rd. Credit Suisse Group reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Finally, Morgan Stanley set a $207.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Friday, July 12th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $83.86.

In related news, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the transaction, the vice president now directly owns 219,423 shares in the company, valued at $16,750,751.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is owned by insiders.

Exxon Mobil Company Profile

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.

Featured Article: What is Compound Annual Growth Rate (CAGR)?

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.