TD Asset Management Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,278,296 shares of the oil and gas company's stock after selling 150,233 shares during the period. TD Asset Management Inc. owned 0.10% of Exxon Mobil worth $460,216,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 4th quarter valued at about $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company'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 value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on XOM shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. 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 report on Friday, January 31st. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Finally, Morgan Stanley upped their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $129.15.
Read Our Latest Stock Report on XOM
Exxon Mobil Price Performance
Shares of Exxon Mobil stock traded up $0.81 during trading on Tuesday, hitting $116.61. The stock had a trading volume of 12,080,693 shares, compared to its average volume of 14,963,363. The business has a fifty day moving average of $110.36 and a two-hundred day moving average of $113.61. The firm has a market cap of $505.99 billion, a P/E ratio of 14.87, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.40%. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.
About Exxon Mobil
(
Free Report)
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.
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