TD Asset Management Inc Raises Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• TD Asset Management Inc increased its shares in Exxon Mobil Corporation by 0.4%, now owning approximately 4.26 million shares valued at $459.3 million.
• Wall Street analysts have varying opinions on Exxon Mobil, with a consensus rating of "Moderate Buy" and a target price averaging around $126.05.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, representing an annualized yield of 3.6% based on its current stock price.

TD Asset Management Inc raised its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,260,505 shares of the oil and gas company's stock after acquiring an additional 18,925 shares during the period. TD Asset Management Inc owned approximately 0.10% of Exxon Mobil worth $459,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC increased its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, 1248 Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $40,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Bank of America boosted their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. Barclays cut their price objective on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $110.71 on Friday. The stock's fifty day moving average is $111.72 and its two-hundred day moving average is $109.30. The company has a market capitalization of $471.98 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio is presently 56.25%.

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.

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