Exxon Mobil Co. (NYSE:XOM) Shares Sold by Tandem Investment Advisors Inc.

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Tandem Investment Advisors Inc. reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,801 shares of the oil and gas company’s stock after selling 883 shares during the period. Tandem Investment Advisors Inc.’s holdings in Exxon Mobil were worth $544,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bernardo Wealth Planning LLC boosted its stake in shares of Exxon Mobil by 2.2% during the second quarter. Bernardo Wealth Planning LLC now owns 14,307 shares of the oil and gas company’s stock valued at $1,096,000 after purchasing an additional 307 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Exxon Mobil by 0.4% during the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after purchasing an additional 1,069,038 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Exxon Mobil by 22.9% during the second quarter. Jacobs Levy Equity Management Inc. now owns 33,324 shares of the oil and gas company’s stock valued at $2,554,000 after purchasing an additional 6,200 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in shares of Exxon Mobil by 9.7% during the second quarter. Gladstone Institutional Advisory LLC now owns 3,952 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 351 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Exxon Mobil by 31.4% during the second quarter. Assetmark Inc. now owns 9,457 shares of the oil and gas company’s stock valued at $725,000 after purchasing an additional 2,261 shares in the last quarter. 54.51% of the stock is currently owned by institutional investors.

XOM has been the topic of a number of recent research reports. Bank of America upgraded shares of Exxon Mobil to a “buy” rating in a research note on Tuesday, January 7th. Piper Jaffray Companies initiated coverage on shares of Exxon Mobil in a research note on Tuesday, November 26th. They set a “hold” rating and a $83.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Credit Suisse Group reiterated a “neutral” rating and set a $70.00 price objective on shares of Exxon Mobil in a research note on Thursday, January 9th. Finally, Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $78.05.

In other Exxon Mobil news, VP David S. Rosenthal sold 9,615 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total value of $668,338.65. Also, VP Liam M. Mallon sold 32,287 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the completion of the transaction, the vice president now directly owns 211,289 shares of the company’s stock, valued at approximately $14,422,587.14. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.

NYSE:XOM opened at $69.09 on Thursday. Exxon Mobil Co. has a 52 week low of $66.31 and a 52 week high of $83.49. The firm has a 50 day moving average of $69.50 and a 200 day moving average of $70.74. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $292.54 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.19 and a beta of 1.00.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The company had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Exxon Mobil’s revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Co. will post 2.42 EPS for the current year.

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.

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

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