American Century Companies Inc. Decreases Holdings in Exxon Mobil Corporation $XOM

American Century Companies Inc. lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 37.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,095,586 shares of the oil and gas company’s stock after selling 3,107,443 shares during the period. American Century Companies Inc.’s holdings in Exxon Mobil were worth $574,528,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Westfuller Advisors LLC purchased a new position in shares of Exxon Mobil in the third quarter worth approximately $30,000. Bare Financial Services Inc boosted its stake in shares of Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares during the last quarter. Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $40,000. TruNorth Capital Management LLC increased its stake in shares of Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its stake in shares of Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup upped their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Barclays increased their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Morgan Stanley lowered their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Mizuho set a $140.00 price objective on shares of Exxon Mobil in a research note on Wednesday, February 4th. Finally, UBS Group restated a “buy” rating and set a $171.00 target price on shares of Exxon Mobil in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $140.59.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $152.55 on Friday. The stock has a market cap of $635.62 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 15.41 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The stock has a 50 day moving average price of $135.64 and a 200-day moving average price of $121.56. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $156.93.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 61.58%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares in the company, valued at approximately $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 14,230 shares of company stock valued at $1,888,421 in the last 90 days. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.