Teachers Insurance & Annuity Association of America Purchases Shares of 5,765 Exxon Mobil Co. (NYSE:XOM)

Teachers Insurance & Annuity Association of America acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,765 shares of the oil and gas company’s stock, valued at approximately $676,000. Exxon Mobil comprises about 1.0% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC lifted its position in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at $39,000. POM Investment Strategies LLC increased its position in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the second quarter worth $46,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on XOM. Truist Financial cut their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Morgan Stanley cut their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Royal Bank of Canada lowered their price objective on shares of Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating on the stock in a report on Tuesday. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, TD Cowen boosted their target price on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.31 during trading on Thursday, hitting $117.66. The stock had a trading volume of 11,068,147 shares, compared to its average volume of 16,278,947. The firm has a market cap of $517.13 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 5.04 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The business’s 50-day moving average is $119.67 and its 200 day moving average is $116.57. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

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, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the company posted $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.