TIAA Trust National Association Raises Stake in Exxon Mobil Co. (NYSE:XOM)

TIAA Trust National Association grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 525,961 shares of the oil and gas company's stock after purchasing an additional 5,646 shares during the period. TIAA Trust National Association's holdings in Exxon Mobil were worth $56,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock worth $585,818,000 after purchasing an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Proficio Capital Partners LLC increased its stake in Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock worth $1,963,000 after buying an additional 1,875,320 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in Exxon Mobil by 11,131.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company's stock worth $192,853,000 after buying an additional 1,776,848 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

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Insider Activity

In related 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 transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays reduced their price objective on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Bernstein Bank boosted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $129.15.

Exxon Mobil Trading Up 0.7 %

Shares of NYSE:XOM traded up $0.81 during trading on Tuesday, reaching $116.61. The stock had a trading volume of 12,080,693 shares, compared to its average volume of 14,963,363. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The business has a fifty day moving average price of $110.36 and a 200-day moving average price of $113.61. The stock 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. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the previous year, the business posted $2.48 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.40%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

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.