Exxon Mobil Co. (NYSE:XOM) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 33.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,375 shares of the oil and gas company’s stock after buying an additional 25,199 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Exxon Mobil were worth $11,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $46,000. Vima LLC bought a new position in Exxon Mobil during the fourth quarter worth $50,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the fourth quarter worth $80,000. Neo Ivy Capital Management bought a new stake in Exxon Mobil during the fourth quarter valued at $80,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $91,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $111.75 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a market capitalization of $440.63 billion, a PE ratio of 13.69, a P/E/G ratio of 3.90 and a beta of 0.92. The company’s 50 day simple moving average is $115.89 and its 200 day simple moving average is $108.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.83 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

Several research analysts have recently commented on XOM shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Mizuho increased their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.