Titan Global Capital Management USA LLC Has $12.71 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Titan Global Capital Management USA LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,149 shares of the oil and gas company's stock after selling 2,776 shares during the period. Exxon Mobil comprises about 1.9% of Titan Global Capital Management USA LLC's investment portfolio, making the stock its 21st largest position. Titan Global Capital Management USA LLC's holdings in Exxon Mobil were worth $12,709,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. West Oak Capital LLC lifted its position in shares of Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock worth $1,743,000 after buying an additional 92 shares during the period. Beacon Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after acquiring an additional 93 shares during the period. Cadent Capital Advisors LLC boosted its stake in shares of Exxon Mobil by 0.3% in the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock valued at $4,020,000 after purchasing an additional 94 shares in the last quarter. Lincoln Capital LLC grew its holdings in shares of Exxon Mobil by 1.1% in the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock worth $917,000 after purchasing an additional 94 shares during the last quarter. Finally, Altus Wealth Group LLC lifted its holdings in Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after purchasing an additional 94 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

Several analysts have weighed in on XOM shares. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. 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 note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Finally, Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.95.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the firm'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 directly owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Up 3.1 %

Shares of XOM stock traded up $3.12 on Friday, reaching $103.05. The company had a trading volume of 22,869,206 shares, compared to its average volume of 16,005,429. The stock has a market cap of $445.70 billion, a PE ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61. The company has a 50-day moving average of $110.33 and a 200-day moving average of $113.19. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results 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 period in the prior year, the company earned $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Exxon Mobil 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.