TCW Group Inc. Purchases 156,450 Shares of Exxon Mobil Co. (NYSE:XOM)

TCW Group Inc. boosted its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 35.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 599,084 shares of the oil and gas company’s stock after acquiring an additional 156,450 shares during the quarter. TCW Group Inc.’s holdings in Exxon Mobil were worth $59,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. SageView Advisory Group LLC increased its stake in shares of Exxon Mobil by 45.5% during the fourth quarter. SageView Advisory Group LLC now owns 36,435 shares of the oil and gas company’s stock valued at $3,820,000 after purchasing an additional 11,392 shares in the last quarter. AXS Investments LLC lifted its holdings in shares of Exxon Mobil by 8.0% during the 4th quarter. AXS Investments LLC now owns 2,444 shares of the oil and gas company’s stock valued at $244,000 after buying an additional 180 shares during the period. FineMark National Bank & Trust lifted its holdings in shares of Exxon Mobil by 1.9% during the 4th quarter. FineMark National Bank & Trust now owns 87,594 shares of the oil and gas company’s stock valued at $8,758,000 after buying an additional 1,655 shares during the period. Commerce Bank lifted its holdings in shares of Exxon Mobil by 19.1% during the 4th quarter. Commerce Bank now owns 810,107 shares of the oil and gas company’s stock valued at $80,994,000 after buying an additional 130,163 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Exxon Mobil by 9.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,042,459 shares of the oil and gas company’s stock valued at $104,225,000 after buying an additional 93,676 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock traded down $1.97 on Thursday, reaching $113.51. 15,756,579 shares of the company were exchanged, compared to its average volume of 18,457,197. The company has a market cap of $447.57 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 4.10 and a beta of 0.96. The business has a 50-day moving average price of $117.59 and a 200 day moving average price of $107.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the firm earned $2.83 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal 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 paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.35%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XOM. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. UBS Group raised their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Piper Sandler raised their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Wells Fargo & Company increased their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy 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 $135.00.

Read Our Latest Report on XOM

About Exxon Mobil

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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