TCG Advisory Services LLC Purchases 38,259 Shares of Exxon Mobil Co. (NYSE:XOM)

TCG Advisory Services LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 49.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,876 shares of the oil and gas company’s stock after acquiring an additional 38,259 shares during the quarter. TCG Advisory Services LLC’s holdings in Exxon Mobil were worth $11,485,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Forte Capital LLC ADV grew its position in shares of Exxon Mobil by 1.7% during the 4th quarter. Forte Capital LLC ADV now owns 18,235 shares of the oil and gas company’s stock worth $1,823,000 after purchasing an additional 306 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of Exxon Mobil by 58.4% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 16,633 shares of the oil and gas company’s stock worth $1,663,000 after purchasing an additional 6,130 shares in the last quarter. Royal Fund Management LLC increased its position in shares of Exxon Mobil by 5.6% in the fourth quarter. Royal Fund Management LLC now owns 7,338 shares of the oil and gas company’s stock worth $734,000 after purchasing an additional 387 shares during the period. AJOVista LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $312,000. Finally, ARS Wealth Advisors Group LLC lifted its holdings in shares of Exxon Mobil by 6.6% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 143,509 shares of the oil and gas company’s stock worth $14,348,000 after acquiring an additional 8,922 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Mizuho reiterated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. UBS Group lifted their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Finally, Scotiabank boosted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.24 on Friday, reaching $116.00. The stock had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The business’s 50 day moving average is $114.65 and its two-hundred day moving average is $106.96. The company has a market cap of $457.39 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.83 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.