NTV Asset Management LLC Has $7.72 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

NTV Asset Management LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 71,740 shares of the oil and gas company’s stock after acquiring an additional 636 shares during the period. Exxon Mobil comprises 1.0% of NTV Asset Management LLC’s holdings, making the stock its 23rd biggest position. NTV Asset Management LLC’s holdings in Exxon Mobil were worth $7,717,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of XOM. FMR LLC raised its stake in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Geode Capital Management LLC increased its holdings in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after buying an additional 1,622,064 shares during the period. Franklin Resources Inc. raised its position in shares of Exxon Mobil by 16.3% in the 3rd 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 buying an additional 4,415,012 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after acquiring an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of Exxon Mobil by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock worth $3,422,538,000 after acquiring an additional 949,875 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XOM shares. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. UBS Group dropped their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Bernstein Bank upped their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $110.30 on Thursday. The stock has a market capitalization of $484.76 billion, a PE ratio of 14.07, a PEG ratio of 2.91 and a beta of 0.89. The business’s 50 day simple moving average is $108.60 and its 200 day simple moving average is $114.53. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a one year low of $102.64 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 in the prior year, the business earned $2.48 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. Exxon Mobil’s 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.