American Investment Services Inc. Reduces Position in Exxon Mobil Co. (NYSE:XOM)

American Investment Services Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,241 shares of the oil and gas company’s stock after selling 559 shares during the quarter. American Investment Services Inc.’s holdings in Exxon Mobil were worth $1,985,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Patron Partners LLC lifted its position in Exxon Mobil by 7.4% during the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after acquiring an additional 2,564 shares during the period. YHB Investment Advisors Inc. lifted its holdings in shares of Exxon Mobil by 5.9% during the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after purchasing an additional 1,836 shares during the period. Cooksen Wealth LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $136,000. Blair William & Co. IL increased its holdings in Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after buying an additional 379,747 shares during the period. Finally, Scarborough Advisors LLC raised its position in Exxon Mobil by 720.2% during the 4th quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock worth $1,597,000 after buying an additional 14,030 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Mizuho increased their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Morgan Stanley reduced their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

Exxon Mobil Trading Down 0.6 %

Shares of Exxon Mobil stock opened at $115.27 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a market capitalization of $454.51 billion, a PE ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90. The firm’s 50-day moving average price is $115.88 and its 200 day moving average price is $115.46.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the business posted $1.94 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Exxon Mobil Company 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.