Mutual of America Capital Management LLC Reduces Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Mutual of America Capital Management LLC reduced its holdings in Exxon Mobil by 4.6% in Q2, owning 494,199 shares valued at $53.3 million.
• Multiple institutional investors, including Woodard & Co. and Novare Capital Management, increased their stakes in Exxon Mobil during the same period.
• Exxon Mobil's stock recently received an "overweight" rating from Wells Fargo, with a target price set at $156.00.

Mutual of America Capital Management LLC decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 494,199 shares of the oil and gas company's stock after selling 23,880 shares during the quarter. Exxon Mobil comprises approximately 0.6% of Mutual of America Capital Management LLC's portfolio, making the stock its 17th biggest position. Mutual of America Capital Management LLC's holdings in Exxon Mobil were worth $53,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Woodard & Co. Asset Management Group Inc. ADV lifted its stake in Exxon Mobil by 3.4% in the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 26,496 shares of the oil and gas company's stock worth $2,856,000 after acquiring an additional 860 shares during the period. Monument Group Wealth Advisors LLC lifted its stake in Exxon Mobil by 5.9% in the second quarter. Monument Group Wealth Advisors LLC now owns 5,273 shares of the oil and gas company's stock worth $568,000 after acquiring an additional 293 shares during the period. United Bank lifted its stake in Exxon Mobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company's stock worth $2,352,000 after acquiring an additional 600 shares during the period. Novare Capital Management LLC lifted its stake in Exxon Mobil by 20.3% in the second quarter. Novare Capital Management LLC now owns 14,499 shares of the oil and gas company's stock worth $1,563,000 after acquiring an additional 2,442 shares during the period. Finally, CapWealth Advisors LLC lifted its stake in Exxon Mobil by 5.2% in the second quarter. CapWealth Advisors LLC now owns 20,830 shares of the oil and gas company's stock worth $2,245,000 after acquiring an additional 1,029 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XOM. Wells Fargo & Company started coverage on Exxon Mobil in a research note on Friday. They issued an "overweight" rating and a $156.00 price target for the company. Melius started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. UBS Group raised their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research report on Tuesday, October 7th. Finally, Mizuho lowered their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.58.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $112.68 on Tuesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. 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 business has a fifty day moving average price of $111.97 and a 200-day moving average price of $109.22. The company has a market capitalization of $480.38 billion, a PE ratio of 16.01, a PEG ratio of 2.01 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

About Exxon Mobil

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.

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