TTP Investments Inc. Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

TTP Investments Inc. raised its position in Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,709 shares of the oil and gas company’s stock after purchasing an additional 130 shares during the period. Exxon Mobil accounts for 1.1% of TTP Investments Inc.’s investment portfolio, making the stock its 16th biggest position. TTP Investments Inc.’s holdings in Exxon Mobil were worth $3,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Quarry LP bought a new stake in shares of Exxon Mobil during the 2nd quarter worth $133,000. HFG Wealth Management LLC lifted its stake in Exxon Mobil by 5.1% during the second quarter. HFG Wealth Management LLC now owns 38,012 shares of the oil and gas company’s stock worth $4,376,000 after purchasing an additional 1,854 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Exxon Mobil by 10.9% in the 2nd quarter. Pathway Financial Advisers LLC now owns 4,399 shares of the oil and gas company’s stock worth $504,000 after purchasing an additional 434 shares in the last quarter. Truist Financial Corp increased its position in shares of Exxon Mobil by 16.4% during the 2nd quarter. Truist Financial Corp now owns 2,313,569 shares of the oil and gas company’s stock valued at $266,338,000 after purchasing an additional 326,007 shares during the last quarter. Finally, IMS Capital Management raised its holdings in shares of Exxon Mobil by 3.3% during the 2nd quarter. IMS Capital Management now owns 8,926 shares of the oil and gas company’s stock valued at $1,023,000 after buying an additional 285 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $107.99 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $474.64 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.86 and a beta of 0.91. The business’s fifty day moving average is $111.35 and its 200 day moving average is $115.41. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the business earned $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Mizuho cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group raised their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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.