Advanced Asset Management Advisors Inc Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Advanced Asset Management Advisors Inc lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,976 shares of the oil and gas company’s stock after selling 94 shares during the quarter. Exxon Mobil makes up about 2.8% of Advanced Asset Management Advisors Inc’s holdings, making the stock its 9th largest position. Advanced Asset Management Advisors Inc’s holdings in Exxon Mobil were worth $10,703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil during the fourth quarter worth $5,519,753,000. Price T Rowe Associates Inc. MD lifted its holdings in Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares during the period. Bank of New York Mellon Corp lifted its holdings in Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after acquiring an additional 4,080,716 shares during the period. Finally, Capital International Investors lifted its holdings in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $113.19 on Friday. The stock has a market cap of $446.31 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 4.70 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a fifty day moving average of $115.99 and a 200-day moving average of $114.66.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XOM. Mizuho lifted their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Barclays lowered their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.29.

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.