TCW Group Inc. Buys 17,333 Shares of Exxon Mobil Co. (NYSE:XOM)

TCW Group Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 683,926 shares of the oil and gas company's stock after buying an additional 17,333 shares during the period. TCW Group Inc.'s holdings in Exxon Mobil were worth $73,570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the 4th quarter valued at about $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Compass Financial Services Inc purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $48,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on XOM. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Scotiabank cut their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $129.25.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.30 during mid-day trading on Wednesday, reaching $109.43. The company's stock had a trading volume of 10,443,757 shares, compared to its average volume of 14,823,706. The company has a market capitalization of $474.84 billion, a P/E ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.89. The firm's fifty day moving average price is $108.69 and its two-hundred day moving average price is $114.37. Exxon Mobil Co. has a 12-month low of $103.85 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 period in the prior year, the business earned $2.48 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's dividend payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

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.