Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Titleist Asset Management LLC

Titleist Asset Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 87.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,831 shares of the oil and gas company's stock after buying an additional 30,675 shares during the quarter. Exxon Mobil accounts for 0.8% of Titleist Asset Management LLC's investment portfolio, making the stock its 24th largest holding. Titleist Asset Management LLC's holdings in Exxon Mobil were worth $7,081,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter valued at $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter worth $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value 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 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. Corporate insiders own 0.03% of the company's stock.

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Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their price target 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.20.

Exxon Mobil Trading Down 1.6 %

Shares of XOM stock traded down $1.70 on Monday, hitting $102.64. The stock had a trading volume of 35,061,819 shares, compared to its average volume of 15,816,976. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $445.38 billion, a P/E ratio of 13.09, a P/E/G ratio of 3.02 and a beta of 0.61. The company's 50 day moving average price is $111.16 and its 200-day moving average price is $113.81. Exxon Mobil Co. has a 1 year low of $98.59 and a 1 year high of $126.34.

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 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 quarter last year, the business earned $2.48 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid 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 3.86%. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

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.