Exxon Mobil Corporation (XOM) is Cypress Asset Management Inc. TX’s 10th Largest Position

Cypress Asset Management Inc. TX lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,957 shares of the oil and gas company’s stock after selling 3,909 shares during the period. Exxon Mobil Corporation makes up about 2.0% of Cypress Asset Management Inc. TX’s portfolio, making the stock its 10th largest holding. Cypress Asset Management Inc. TX’s holdings in Exxon Mobil Corporation were worth $9,523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Horan Securities Inc. acquired a new position in shares of Exxon Mobil Corporation in the 1st quarter valued at approximately $102,000. Riggs Asset Managment Co. Inc. raised its position in shares of Exxon Mobil Corporation by 27.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares in the last quarter. Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil Corporation in the 1st quarter valued at approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Exxon Mobil Corporation by 13.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares in the last quarter. Finally, Cordasco Financial Network raised its position in shares of Exxon Mobil Corporation by 0.6% in the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares in the last quarter. 50.74% of the stock is owned by hedge funds and other institutional investors.

XOM has been the subject of several analyst reports. Vetr upgraded shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price for the company in a research report on Tuesday, August 29th. Wolfe Research cut shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $83.00 target price on shares of Exxon Mobil Corporation in a research report on Tuesday, May 30th. Zacks Investment Research cut shares of Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. Finally, BMO Capital Markets boosted their target price on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, June 21st. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $84.65.

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In related news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation 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 sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.04% on Friday, reaching $79.92. 10,205,789 shares of the company traded hands. The stock’s 50 day moving average price is $78.37 and its 200-day moving average price is $80.77. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The stock has a market capitalization of $338.63 billion, a P/E ratio of 28.81 and a beta of 0.82.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $62.88 billion during the quarter, compared to the consensus estimate 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 was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Equities analysts forecast 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 was paid on Monday, September 11th. Investors of record on Monday, August 14th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.85%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.

Exxon Mobil Corporation Company Profile

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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