TIAA Trust National Association Increases Position in Exxon Mobil Co. (NYSE:XOM)

TIAA Trust National Association lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 525,961 shares of the oil and gas company’s stock after purchasing an additional 5,646 shares during the quarter. TIAA Trust National Association’s holdings in Exxon Mobil were worth $56,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of XOM. FineMark National Bank & Trust grew its stake in shares of Exxon Mobil by 1.5% during the 4th quarter. FineMark National Bank & Trust now owns 166,732 shares of the oil and gas company’s stock valued at $17,935,000 after purchasing an additional 2,521 shares during the period. Prospect Financial Group LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $338,000. Modern Wealth Management LLC grew its position in Exxon Mobil by 72.8% during the fourth quarter. Modern Wealth Management LLC now owns 111,345 shares of the oil and gas company’s stock valued at $12,356,000 after buying an additional 46,921 shares during the period. CoreFirst Bank & Trust bought a new position in Exxon Mobil in the fourth quarter worth approximately $2,552,000. Finally, Grantvest Financial Group LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $407,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction 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 transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on XOM shares. 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 research report on Monday, December 16th. The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Barclays dropped their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Price Performance

XOM opened at $115.81 on Tuesday. The business has a fifty day moving average of $110.22 and a 200 day moving average of $113.58. The stock has a market cap of $502.52 billion, a P/E ratio of 14.77, a PEG ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 previous year, the business earned $2.48 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.