TIAA Trust National Association Acquires 5,646 Shares of Exxon Mobil Co. (NYSE:XOM)

TIAA Trust National Association raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 525,961 shares of the oil and gas company’s stock after acquiring an additional 5,646 shares during the quarter. TIAA Trust National Association’s holdings in Exxon Mobil were worth $56,574,000 at the end of the most recent reporting period.

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

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Barclays decreased their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.15.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.81 on Tuesday. The firm’s 50 day simple moving average is $110.22 and its 200-day simple moving average is $113.58. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The stock has a market capitalization of $502.52 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.02 and a beta of 0.83. 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 (NYSE:XOM) last posted its earnings results 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 period last year, the firm earned $2.48 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced 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 of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.42%. 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.