MTM Investment Management LLC Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

MTM Investment Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,008 shares of the oil and gas company’s stock after purchasing an additional 193 shares during the quarter. Exxon Mobil accounts for about 1.2% of MTM Investment Management LLC’s holdings, making the stock its 20th biggest position. MTM Investment Management LLC’s holdings in Exxon Mobil were worth $3,013,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Howard Bailey Securities LLC boosted its stake in shares of Exxon Mobil by 8.4% in the fourth quarter. Howard Bailey Securities LLC now owns 2,580 shares of the oil and gas company’s stock valued at $278,000 after buying an additional 200 shares in the last quarter. Hemington Wealth Management lifted its holdings in Exxon Mobil by 16.3% in the fourth quarter. Hemington Wealth Management now owns 2,921 shares of the oil and gas company’s stock valued at $314,000 after acquiring an additional 410 shares during the period. TFC Financial Management Inc. boosted its position in shares of Exxon Mobil by 2.4% during the 4th quarter. TFC Financial Management Inc. now owns 42,476 shares of the oil and gas company’s stock worth $4,569,000 after purchasing an additional 991 shares in the last quarter. Castle Wealth Management LLC grew its stake in shares of Exxon Mobil by 8.3% during the 4th quarter. Castle Wealth Management LLC now owns 7,468 shares of the oil and gas company’s stock worth $803,000 after purchasing an additional 572 shares during the period. Finally, Raab & Moskowitz Asset Management LLC increased its holdings in shares of Exxon Mobil by 0.9% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 23,525 shares of the oil and gas company’s stock valued at $2,531,000 after purchasing an additional 200 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Mizuho reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Up 0.0 %

NYSE:XOM opened at $108.17 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $108.78 and a 200-day moving average of $114.73. The firm has a market capitalization of $475.42 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $100.60 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the business earned $2.48 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.