Twin Capital Management Inc. Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Twin Capital Management Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,261 shares of the oil and gas company’s stock after buying an additional 5,806 shares during the quarter. Exxon Mobil comprises 1.3% of Twin Capital Management Inc.’s portfolio, making the stock its 12th biggest holding. Twin Capital Management Inc.’s holdings in Exxon Mobil were worth $9,724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in XOM. FMR LLC raised 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 during the period. Moneta Group Investment Advisors LLC raised its stake in Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Morgan Stanley raised its stake in Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares during the period. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $5,226,390,000. Finally, Northern Trust Corp raised its stake in Exxon Mobil by 1.3% during the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after purchasing an additional 576,078 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $119.90 on Friday. The stock has a market cap of $474.60 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 4.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a 50 day moving average price of $111.55 and a 200-day moving average price of $106.33. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the business earned $3.40 EPS. Exxon Mobil’s revenue was down 11.6% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Analysts Set New Price Targets

Several brokerages recently issued reports on XOM. TD Cowen lifted their target price on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company lifted their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. UBS Group lifted their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Scotiabank lifted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $132.28.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

Exxon Mobil Company 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.