American Money Management LLC Raises Stake in Exxon Mobil Co. (NYSE:XOM)

American Money Management LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 51.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,369 shares of the oil and gas company’s stock after buying an additional 1,493 shares during the period. American Money Management LLC’s holdings in Exxon Mobil were worth $470,000 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 XOM. MV Capital Management Inc. lifted its holdings in shares of Exxon Mobil by 1.5% in the 4th quarter. MV Capital Management Inc. now owns 11,918 shares of the oil and gas company’s stock worth $1,282,000 after buying an additional 175 shares during the period. Allianz SE purchased a new stake in Exxon Mobil in the fourth quarter worth about $20,896,000. Gardner Russo & Quinn LLC grew its holdings in Exxon Mobil by 0.4% during the 4th quarter. Gardner Russo & Quinn LLC now owns 188,953 shares of the oil and gas company’s stock worth $20,326,000 after acquiring an additional 720 shares in the last quarter. WealthTrak Capital Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $221,000. Finally, Intrust Bank NA raised its holdings in shares of Exxon Mobil by 2.0% in the 4th quarter. Intrust Bank NA now owns 49,845 shares of the oil and gas company’s stock valued at $5,362,000 after purchasing an additional 993 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. BMO Capital Markets cut their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. HSBC decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Scotiabank cut their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.05.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $117.66 on Friday. The company has a 50 day simple moving average of $110.73 and a two-hundred day simple moving average of $113.71. The stock has a market cap of $510.53 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company earned $2.48 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.37%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

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.