Exxon Mobil Corporation $XOM Shares Purchased by TCP Asset Management LLC

TCP Asset Management LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 404.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,072 shares of the oil and gas company’s stock after purchasing an additional 24,911 shares during the quarter. Exxon Mobil makes up about 0.6% of TCP Asset Management LLC’s holdings, making the stock its 24th biggest position. TCP Asset Management LLC’s holdings in Exxon Mobil were worth $3,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of XOM. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the last quarter. Algert Global LLC boosted its stake in Exxon Mobil by 8.9% during the 1st quarter. Algert Global LLC now owns 23,269 shares of the oil and gas company’s stock worth $2,767,000 after purchasing an additional 1,895 shares during the period. Erste Asset Management GmbH grew its position in Exxon Mobil by 62.2% during the 1st quarter. Erste Asset Management GmbH now owns 36,650 shares of the oil and gas company’s stock worth $4,315,000 after purchasing an additional 14,055 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Exxon Mobil by 27.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 14,036 shares of the oil and gas company’s stock valued at $1,670,000 after purchasing an additional 3,051 shares during the period. Finally, Elevate Wealth Advisory Inc. purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $220,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.7%

Shares of NYSE XOM opened at $116.55 on Friday. The stock has a market capitalization of $491.51 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 7.41 and a beta of 0.38. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81. The firm has a 50-day moving average price of $115.82 and a 200 day moving average price of $112.55. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion during the quarter. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on XOM shares. Cowen reissued a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research note on Monday. UBS Group reissued a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. Barclays decreased their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Piper Sandler boosted their price objective on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $129.45.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

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.