Exxon Mobil Corporation (NYSE:XOM) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its holdings in Exxon Mobil by 0.9%, owning approximately 4,241,580 shares valued at about $504.45 million after selling 36,716 shares in the first quarter.
• Several hedge funds increased their positions in Exxon Mobil, with HB Wealth Management LLC boosting its stake by 42.6%, currently owning 227,202 shares worth $27 million.
• The stock has a consensus rating of "Moderate Buy" with an average price target of $125.42, according to analyst reports, while recent performance shows a slight drop of 0.3% in share price.

TD Asset Management Inc lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,241,580 shares of the oil and gas company's stock after selling 36,716 shares during the quarter. TD Asset Management Inc owned approximately 0.10% of Exxon Mobil worth $504,451,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XOM. Loomis Sayles & Co. L P increased its holdings in Exxon Mobil by 16.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 129,817 shares of the oil and gas company's stock valued at $13,964,000 after buying an additional 18,341 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in Exxon Mobil by 140,292.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 178,298 shares of the oil and gas company's stock valued at $19,180,000 after buying an additional 178,171 shares during the last quarter. Boussard & Gavaudan Investment Management LLP purchased a new position in Exxon Mobil in the fourth quarter valued at $1,849,000. Broadway Wealth Solutions Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at $765,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Exxon Mobil by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,125,575 shares of the oil and gas company's stock valued at $228,648,000 after acquiring an additional 11,860 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Price Performance

Shares of XOM traded down $0.68 during mid-day trading on Wednesday, reaching $112.20. 4,645,664 shares of the company's stock were exchanged, compared to its average volume of 16,750,760. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $109.01 and a two-hundred day simple moving average of $109.11. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market cap of $483.55 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 2.10 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 EPS. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's payout ratio is currently 52.52%.

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.