Total Investment Management Inc. Has $614,000 Position in Exxon Mobil Co. (NYSE:XOM)

Total Investment Management Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,142 shares of the oil and gas company’s stock after buying an additional 107 shares during the quarter. Total Investment Management Inc.’s holdings in Exxon Mobil were worth $614,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Root Financial Partners LLC lifted its stake in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Exxon Mobil by 83.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after purchasing an additional 575,649 shares during the last quarter. Qsemble Capital Management LP lifted its stake in shares of Exxon Mobil by 34.3% in the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after acquiring an additional 1,200 shares during the last quarter. RNC Capital Management LLC lifted its stake in shares of Exxon Mobil by 5.5% in the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares during the last quarter. Finally, Dupree Financial Group LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at $378,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on XOM. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. UBS Group increased their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Wells Fargo & Company increased their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $132.28.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 2.8 %

Shares of NYSE XOM traded down $3.37 during midday trading on Friday, hitting $117.96. 27,289,468 shares of the company traded hands, compared to its average volume of 16,002,832. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. 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 $113.33 and a 200 day moving average price of $106.67. The firm has a market cap of $466.92 billion, a P/E ratio of 13.27, a P/E/G ratio of 4.17 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.83 EPS. As a group, analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is 42.74%.

About Exxon Mobil

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.