TTP Investments Inc. Sells 360 Shares of Exxon Mobil Co. (NYSE:XOM)

TTP Investments Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,408 shares of the oil and gas company’s stock after selling 360 shares during the quarter. Exxon Mobil accounts for approximately 1.3% of TTP Investments Inc.’s investment portfolio, making the stock its 14th largest position. TTP Investments Inc.’s holdings in Exxon Mobil were worth $3,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Root Financial Partners LLC boosted its stake in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after buying an additional 199 shares during the period. RNC Capital Management LLC raised its holdings in shares of Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares in the last quarter. Dupree Financial Group LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $378,000. Intact Investment Management Inc. raised its holdings in shares of Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after acquiring an additional 47,400 shares in the last quarter. Finally, AJOVista LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $312,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $2.03 during mid-day trading on Friday, hitting $116.77. The company had a trading volume of 7,953,009 shares, compared to its average volume of 17,711,305. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company’s fifty day moving average is $114.17 and its 200-day moving average is $110.86. The company has a market capitalization of $460.42 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 4.46 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the prior year, the company posted $2.83 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 8.8 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.25%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on XOM shares. Truist Financial reiterated a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Wolfe Research started coverage on shares of Exxon Mobil in a report on Thursday. They issued an “outperform” rating and a $146.00 target price for the company. UBS Group boosted their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.94.

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.