Mutual of America Capital Management LLC Sells 20,995 Shares of Exxon Mobil Corporation (NYSE:XOM)

Mutual of America Capital Management LLC lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 518,079 shares of the oil and gas company's stock after selling 20,995 shares during the quarter. Exxon Mobil comprises 0.7% of Mutual of America Capital Management LLC's portfolio, making the stock its 15th largest position. Mutual of America Capital Management LLC's holdings in Exxon Mobil were worth $61,615,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $25,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil in the first quarter worth $45,000. Clarity Asset Management Inc. raised its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Banque de Luxembourg S.A. bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XOM. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $125.26.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.52 during mid-day trading on Thursday, reaching $105.99. 13,455,331 shares of the stock traded hands, compared to its average volume of 15,527,678. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The business's 50-day moving average is $109.79 and its 200-day moving average is $109.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market capitalization of $451.85 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.14 EPS. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.