Triumph Capital Management Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Triumph Capital Management raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 223.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,138 shares of the oil and gas company’s stock after acquiring an additional 5,619 shares during the period. Triumph Capital Management’s holdings in Exxon Mobil were worth $814,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Root Financial Partners LLC lifted its stake in shares of Exxon Mobil by 10.7% in the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after purchasing an additional 199 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Exxon Mobil by 83.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after buying an additional 575,649 shares during the period. Qsemble Capital Management LP increased its position in shares of Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after acquiring an additional 1,200 shares in the last quarter. RNC Capital Management LLC raised its stake in shares of Exxon Mobil by 5.5% in the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares during the period. Finally, Dupree Financial Group LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $378,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Mizuho reaffirmed a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Finally, UBS Group increased their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Nine equities 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 presently has an average rating of “Moderate Buy” and a consensus price target of $133.56.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $2.21 during mid-day trading on Wednesday, hitting $116.06. The company had a trading volume of 13,776,576 shares, compared to its average volume of 18,175,145. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a market cap of $459.40 billion, a P/E ratio of 14.29, a PEG ratio of 4.14 and a beta of 0.96. The business’s 50-day simple moving average is $113.96 and its 200-day simple moving average is $106.79.

Exxon Mobil (NYSE:XOM) last issued its 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 during 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 business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.83 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 9.62 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.