Teachers Insurance & Annuity Association of America Takes Position in Exxon Mobil Co. (NYSE:XOM)

Teachers Insurance & Annuity Association of America purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,765 shares of the oil and gas company's stock, valued at approximately $676,000. Exxon Mobil makes up about 1.0% of Teachers Insurance & Annuity Association of America's portfolio, making the stock its 22nd largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC raised its position in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth $39,000. POM Investment Strategies LLC grew its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth $46,000. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on XOM shares. TD Cowen lifted their target price on Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Morgan Stanley cut their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Truist Financial decreased their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Finally, BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $129.95.

Exxon Mobil Trading Down 0.3 %

Shares of NYSE:XOM traded down $0.31 during trading on Thursday, reaching $117.66. The company's stock had a trading volume of 11,068,147 shares, compared to its average volume of 16,278,947. The stock has a market capitalization of $517.13 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 5.04 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm's 50 day simple moving average is $119.70 and its two-hundred day simple moving average is $116.57. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The company's revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

About Exxon Mobil

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.