Toronto Dominion Bank Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Toronto Dominion Bank lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,221,555 shares of the oil and gas company's stock after selling 117,350 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Exxon Mobil worth $260,411,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in XOM. Vertex Planning Partners LLC boosted its holdings in Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock valued at $326,000 after purchasing an additional 83 shares during the period. Etfidea LLC increased its stake in shares of Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock worth $307,000 after buying an additional 85 shares during the period. Bigelow Investment Advisors LLC raised its holdings in Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock valued at $1,559,000 after acquiring an additional 86 shares in the last quarter. Integral Investment Advisors Inc. lifted its stake in Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock worth $483,000 after acquiring an additional 87 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock worth $76,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $0.57 during mid-day trading on Wednesday, hitting $112.10. The stock had a trading volume of 12,850,935 shares, compared to its average volume of 16,236,170. The firm has a market cap of $492.69 billion, a PE ratio of 13.91, a PEG ratio of 4.74 and a beta of 0.89. The company's 50-day simple moving average is $119.53 and its 200-day simple moving average is $116.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the company earned $2.27 EPS. The firm's revenue for the quarter was down .8% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is currently 49.32%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, September 27th. JPMorgan Chase & Co. upped their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Truist Financial decreased their target price on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research note on Monday, September 30th. Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.95.

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.