American Money Management LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 25,213 shares of the oil and gas company’s stock after selling 883 shares during the quarter. American Money Management LLC’s holdings in Exxon Mobil were worth $1,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Exxon Mobil by 1.2% during the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after purchasing an additional 2,982,610 shares during the period. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock worth $4,642,701,000 after purchasing an additional 2,474,965 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Exxon Mobil by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock worth $2,281,575,000 after purchasing an additional 1,200,678 shares during the period. Schwab Charles Investment Management Inc. increased its position in Exxon Mobil by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock valued at $1,778,179,000 after acquiring an additional 1,116,450 shares during the period. Finally, First Eagle Investment Management LLC increased its position in Exxon Mobil by 43.0% in the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after acquiring an additional 5,440,412 shares during the period. Hedge funds and other institutional investors own 51.93% of the company’s stock.

Shares of NYSE XOM opened at $78.26 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. The firm has a market cap of $336.54 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.41 and a beta of 0.90. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The firm had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share. equities research analysts forecast that Exxon Mobil Co. will post 4.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Monday, August 13th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, August 10th. Exxon Mobil’s payout ratio is currently 91.36%.

XOM has been the topic of several analyst reports. Morningstar set a $85.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Friday, May 18th. HSBC restated a “buy” rating and issued a $88.00 target price on shares of Exxon Mobil in a research report on Monday, May 14th. Royal Bank of Canada restated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research report on Wednesday, June 13th. Societe Generale restated a “buy” rating and issued a $87.00 target price on shares of Exxon Mobil in a research report on Wednesday, July 11th. Finally, ValuEngine upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $86.98.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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