4,448 Shares in Exxon Mobil Corporation $XOM Bought by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners bought a new stake in Exxon Mobil Corporation (NYSE:XOMFree Report) during the 3rd quarter, Holdings Channel.com reports. The fund bought 4,448 shares of the oil and gas company’s stock, valued at approximately $502,000.

Other hedge funds have also modified their holdings of the company. Westfuller Advisors LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $30,000. Bare Financial Services Inc grew its stake in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC acquired a new position in Exxon Mobil during the 3rd quarter valued at about $40,000. TruNorth Capital Management LLC boosted its holdings in Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its stake in shares of Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 181 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $151.52 on Thursday. The firm has a market cap of $631.33 billion, a PE ratio of 22.65, a P/E/G ratio of 1.21 and a beta of 0.35. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $159.60. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $140.65 and a 200 day moving average price of $124.07.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.Exxon Mobil’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 16,380 shares of company stock worth $2,227,734 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XOM. BNP Paribas Exane lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target on the stock. in a research note on Tuesday, February 3rd. Piper Sandler decreased their target price on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Morgan Stanley cut their price target on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Barclays boosted their price objective on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Finally, Royal Bank Of Canada boosted their price target on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average price target of $143.41.

Check Out Our Latest Report on XOM

More Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Recommended Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.