TIAA Trust National Association Sells 2,828 Shares of Exxon Mobil Co. (NYSE:XOM)

TIAA Trust National Association lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,846 shares of the oil and gas company’s stock after selling 2,828 shares during the period. TIAA Trust National Association’s holdings in Exxon Mobil were worth $52,274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in shares of Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after acquiring an additional 123,254,064 shares during the last quarter. Norges Bank bought a new position in Exxon Mobil in the 4th quarter worth about $5,226,390,000. Imprint Wealth LLC grew its position in Exxon Mobil by 9,115.2% during the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after purchasing an additional 11,181,673 shares during the last quarter. Morgan Stanley increased its stake in Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after purchasing an additional 5,566,797 shares in the last quarter. Finally, FMR LLC increased its stake in Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOM. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Piper Sandler reduced their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.47.

Get Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Up 0.1 %

XOM opened at $119.34 on Thursday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The firm’s 50 day simple moving average is $107.34 and its two-hundred day simple moving average is $105.99. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $473.52 billion, a PE ratio of 13.42, a PEG ratio of 4.28 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the firm earned $3.40 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. Exxon Mobil’s payout ratio is 42.74%.

Exxon Mobil Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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