Mutual of America Capital Management LLC Has $65.71 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Mutual of America Capital Management LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 560,561 shares of the oil and gas company’s stock after selling 20,650 shares during the quarter. Exxon Mobil comprises 0.7% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Mutual of America Capital Management LLC’s holdings in Exxon Mobil were worth $65,709,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XOM. Cassady Schiller Wealth Management LLC raised its stake in Exxon Mobil by 14.9% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 10,326 shares of the oil and gas company’s stock valued at $1,210,000 after purchasing an additional 1,337 shares during the last quarter. Sather Financial Group Inc raised its position in shares of Exxon Mobil by 47.2% during the third quarter. Sather Financial Group Inc now owns 5,592 shares of the oil and gas company’s stock valued at $656,000 after buying an additional 1,793 shares during the last quarter. Spinnaker Investment Group LLC lifted its stake in shares of Exxon Mobil by 6.8% in the third quarter. Spinnaker Investment Group LLC now owns 2,972 shares of the oil and gas company’s stock valued at $348,000 after buying an additional 188 shares during the period. Accredited Investors Inc. grew its position in Exxon Mobil by 11.8% during the third quarter. Accredited Investors Inc. now owns 17,331 shares of the oil and gas company’s stock worth $2,032,000 after buying an additional 1,836 shares in the last quarter. Finally, Veery Capital LLC grew its position in Exxon Mobil by 2.4% during the third quarter. Veery Capital LLC now owns 5,010 shares of the oil and gas company’s stock worth $587,000 after buying an additional 119 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $119.31 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a market capitalization of $524.38 billion, a PE ratio of 14.86, a PEG ratio of 5.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock’s fifty day moving average is $118.49 and its 200-day moving average is $116.39.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.27 EPS. Equities research analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Finally, Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.95.

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.