TD Capital Management LLC Purchases 2,648 Shares of Exxon Mobil Corporation $XOM

Key Points

• TD Capital Management LLC increased its holdings in Exxon Mobil by 63.7% during the first quarter, now owning 6,805 shares worth approximately $809,000.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, which represents a dividend yield of 3.5%.
• Analyst ratings for Exxon Mobil show a consensus of "Hold" with a target price of $125.00, and a mix of Buy, Hold, and Sell ratings from various brokerages.

TD Capital Management LLC raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 63.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,805 shares of the oil and gas company's stock after purchasing an additional 2,648 shares during the quarter. TD Capital Management LLC's holdings in Exxon Mobil were worth $809,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of XOM. Nuveen LLC bought a new position in shares of Exxon Mobil during the first quarter worth about $2,730,414,000. GQG Partners LLC raised its position in shares of Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after acquiring an additional 10,004,975 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Exxon Mobil during the fourth quarter worth about $240,653,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XOM. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group raised their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. Finally, Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Up 1.1%

Shares of NYSE:XOM opened at $112.69 on Thursday. The stock has a market cap of $480.41 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.09 and a beta of 0.53. 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 12-month low of $97.80 and a 12-month high of $126.34. The business's 50 day moving average is $110.17 and its 200 day moving average is $108.95.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the company posted $2.14 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's payout ratio is presently 56.25%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.

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