Triumph Capital Management Raises Position in Exxon Mobil Co. (NYSE:XOM)

Triumph Capital Management grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 223.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,138 shares of the oil and gas company’s stock after buying an additional 5,619 shares during the quarter. Triumph Capital Management’s holdings in Exxon Mobil were worth $814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Money Concepts Capital Corp lifted its position in Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after acquiring an additional 95 shares during the last quarter. Defined Wealth Management LLC boosted its position in shares of Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 96 shares in the last quarter. Crown Wealth Group LLC grew its stake in Exxon Mobil by 2.4% during the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after buying an additional 97 shares during the last quarter. Auxier Asset Management increased its position in Exxon Mobil by 0.8% during the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares in the last quarter. Finally, Pennsylvania Capital Management Inc. ADV raised its stake in Exxon Mobil by 2.0% in the third quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock valued at $580,000 after buying an additional 98 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XOM. Piper Sandler boosted their target price 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 upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. HSBC lifted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Truist Financial increased their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.56.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $2.21 on Wednesday, reaching $116.06. The company’s stock had a trading volume of 13,776,576 shares, compared to its average volume of 18,175,145. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a market capitalization of $459.40 billion, a P/E ratio of 14.29, a PEG ratio of 4.14 and a beta of 0.96. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $113.96 and a 200-day moving average price of $106.79.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the firm posted $2.83 EPS. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 9.62 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

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

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.