Mutual of America Capital Management LLC Sells 32,158 Shares of Exxon Mobil Corporation $XOM

Mutual of America Capital Management LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 462,041 shares of the oil and gas company’s stock after selling 32,158 shares during the period. Exxon Mobil accounts for about 0.5% of Mutual of America Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Mutual of America Capital Management LLC’s holdings in Exxon Mobil were worth $52,095,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Maryland State Retirement & Pension System grew its position in Exxon Mobil by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after acquiring an additional 5,573 shares during the last quarter. Linscomb Wealth Inc. boosted its stake in shares of Exxon Mobil by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after purchasing an additional 5,527 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 3.3% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after purchasing an additional 9,831 shares during the last quarter. Capital Counsel LLC NY grew its holdings in shares of Exxon Mobil by 0.9% during the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after purchasing an additional 460 shares during the last quarter. Finally, OneAscent Wealth Management LLC increased its stake in shares of Exxon Mobil by 116.7% in the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after buying an additional 4,123 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the sale, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $134.93 on Monday. The business has a 50-day simple moving average of $120.74 and a 200 day simple moving average of $115.29. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $135.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The firm has a market capitalization of $569.03 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 8.62 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $1.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. Mizuho boosted their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Jefferies Financial Group raised their target price on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. TD Cowen reissued a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.84.

Read Our Latest Research Report on Exxon Mobil

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Featured Stories

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.