TIAA Trust National Association Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

TIAA Trust National Association increased its position in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 528,261 shares of the oil and gas company’s stock after acquiring an additional 5,415 shares during the period. TIAA Trust National Association’s holdings in Exxon Mobil were worth $61,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil during the 1st quarter valued at about $25,000. First Pacific Financial purchased a new position in shares of Exxon Mobil during the 1st quarter valued at about $34,000. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $46,000. Vima LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $50,000. Finally, Keener Financial Planning LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XOM shares. Truist Financial reiterated a “hold” rating and set a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Piper Sandler raised their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Wells Fargo & Company raised their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, TD Cowen raised their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $134.94.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $2.73 on Friday, hitting $116.07. 16,157,707 shares of the company were exchanged, compared to its average volume of 15,032,544. The stock has a market capitalization of $457.67 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.47 and a beta of 0.91. The company has a 50-day moving average price of $114.13 and a 200 day moving average price of $111.04. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.83 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

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

Exxon Mobil 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.