Tennessee Valley Asset Management Partners Has $561,000 Position in Exxon Mobil Co. (NYSE:XOM)

Tennessee Valley Asset Management Partners boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,611 shares of the oil and gas company’s stock after purchasing an additional 232 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in Exxon Mobil were worth $561,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. OneAscent Financial Services LLC lifted its stake in Exxon Mobil by 44.0% during the 3rd quarter. OneAscent Financial Services LLC now owns 7,623 shares of the oil and gas company’s stock valued at $896,000 after acquiring an additional 2,331 shares in the last quarter. Courier Capital LLC raised its stake in shares of Exxon Mobil by 1.9% during the 3rd quarter. Courier Capital LLC now owns 97,244 shares of the oil and gas company’s stock worth $11,434,000 after purchasing an additional 1,770 shares during the period. Reliant Investment Management LLC raised its stake in shares of Exxon Mobil by 9.4% during the 3rd quarter. Reliant Investment Management LLC now owns 8,638 shares of the oil and gas company’s stock worth $1,016,000 after purchasing an additional 744 shares during the period. City Holding Co. raised its stake in shares of Exxon Mobil by 3.2% during the 3rd quarter. City Holding Co. now owns 74,884 shares of the oil and gas company’s stock worth $8,805,000 after purchasing an additional 2,347 shares during the period. Finally, CMH Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth $459,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on XOM. UBS Group lifted their target price on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Truist Financial boosted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Scotiabank boosted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Insider Transactions at Exxon Mobil

In other news, 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 owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 0.4 %

XOM stock opened at $121.05 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $479.15 billion, a PE ratio of 13.62, a PEG ratio of 4.12 and a beta of 0.96. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a 50-day simple moving average of $112.29 and a two-hundred day simple moving average of $106.41.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the previous year, the firm earned $3.40 earnings per share. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

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.