Twin Capital Management Inc. Buys 2,251 Shares of Exxon Mobil Co. (NYSE:XOM)

Twin Capital Management Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,878 shares of the oil and gas company’s stock after acquiring an additional 2,251 shares during the quarter. Exxon Mobil accounts for 0.8% of Twin Capital Management Inc.’s holdings, making the stock its 22nd biggest position. Twin Capital Management Inc.’s holdings in Exxon Mobil were worth $6,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Certior Financial Group LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $775,000. Sierra Summit Advisors LLC grew its position in shares of Exxon Mobil by 28.0% in the 4th quarter. Sierra Summit Advisors LLC now owns 6,173 shares of the oil and gas company’s stock valued at $664,000 after acquiring an additional 1,351 shares during the period. Federated Hermes Inc. raised its stake in Exxon Mobil by 291.5% in the fourth quarter. Federated Hermes Inc. now owns 2,023,359 shares of the oil and gas company’s stock valued at $217,653,000 after buying an additional 1,506,600 shares during the period. Waterloo Capital L.P. increased its holdings in shares of Exxon Mobil by 6.2% in the fourth quarter. Waterloo Capital L.P. now owns 20,315 shares of the oil and gas company’s stock valued at $2,185,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Titleist Asset Management LLC grew its stake in Exxon Mobil by 87.3% in the 4th quarter. Titleist Asset Management LLC now owns 65,831 shares of the oil and gas company’s stock valued at $7,081,000 after buying an additional 30,675 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. Barclays dropped their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Morgan Stanley reduced their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.80.

Insider Transactions at Exxon Mobil

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

Exxon Mobil Trading Down 7.3 %

Shares of Exxon Mobil stock opened at $104.17 on Monday. The company’s 50-day moving average price is $111.16 and its 200-day moving average price is $113.81. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $452.01 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.60. Exxon Mobil Co. has a 12-month low of $98.75 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company posted $2.48 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

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.