Twin Capital Management Inc. Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Twin Capital Management Inc. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,878 shares of the oil and gas company’s stock after purchasing an additional 2,251 shares during the quarter. Exxon Mobil comprises 0.8% of Twin Capital Management Inc.’s portfolio, making the stock its 22nd largest position. Twin Capital Management Inc.’s holdings in Exxon Mobil were worth $6,979,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter worth about $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $47,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Mizuho dropped their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company lowered their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Bernstein Bank upped their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $128.80.

Exxon Mobil Trading Down 7.3 %

XOM stock opened at $104.17 on Monday. The stock has a market capitalization of $452.01 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. Exxon Mobil Co. has a twelve month low of $98.75 and a twelve month high of $126.34. The firm’s fifty day simple moving average is $111.16 and its two-hundred day simple moving average is $113.81. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm posted $2.48 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. Exxon Mobil’s payout ratio is 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

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.