TBH Global Asset Management LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

TBH Global Asset Management LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,863 shares of the oil and gas company’s stock after selling 2,021 shares during the quarter. Exxon Mobil comprises about 1.0% of TBH Global Asset Management LLC’s holdings, making the stock its 21st largest holding. TBH Global Asset Management LLC’s holdings in Exxon Mobil were worth $4,985,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $46,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $80,000. Orion Capital Management LLC acquired a new stake in Exxon Mobil during the third quarter worth $91,000. Authentikos Wealth Advisory LLC acquired a new stake in Exxon Mobil during the third quarter worth $92,000. Finally, TFO Wealth Partners LLC increased its stake in Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 525 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, 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 can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Piper Sandler raised their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Scotiabank lifted their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Eight 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Exxon Mobil Stock Performance

NYSE XOM traded down $0.09 on Friday, hitting $113.42. 12,129,639 shares of the company’s stock were exchanged, compared to its average volume of 18,367,383. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm’s 50-day moving average price is $117.63 and its two-hundred day moving average price is $107.80. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm has a market cap of $447.22 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 4.02 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business 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 business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.83 EPS. On average, research analysts expect that Exxon Mobil Co. will post 9.57 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

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.