Americana Partners LLC Has $23.29 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Americana Partners LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 198,676 shares of the oil and gas company’s stock after selling 2,594 shares during the period. Exxon Mobil makes up approximately 1.6% of Americana Partners LLC’s holdings, making the stock its 13th biggest position. Americana Partners LLC’s holdings in Exxon Mobil were worth $23,289,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of XOM. WFA Asset Management Corp boosted its stake in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Exxon Mobil by 1.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 61,271 shares of the oil and gas company’s stock valued at $7,122,000 after buying an additional 802 shares during the period. First Trust Direct Indexing L.P. increased its position in Exxon Mobil by 11.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 111,614 shares of the oil and gas company’s stock valued at $12,974,000 after buying an additional 11,809 shares in the last quarter. Uncommon Cents Investing LLC raised its stake in Exxon Mobil by 0.5% during the 1st quarter. Uncommon Cents Investing LLC now owns 27,281 shares of the oil and gas company’s stock worth $3,171,000 after buying an additional 130 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its holdings in Exxon Mobil by 1.6% in the first quarter. Legacy Wealth Asset Management LLC now owns 6,750 shares of the oil and gas company’s stock worth $785,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $114.95 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock’s fifty day moving average price is $117.67 and its two-hundred day moving average price is $116.35. The firm has a market cap of $453.25 billion, a PE ratio of 13.75, a PEG ratio of 4.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.01 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 45.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on XOM shares. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.37.

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.