Thompson Investment Management Inc. Has $17.87 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Thompson Investment Management Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,745 shares of the oil and gas company’s stock after purchasing an additional 1,604 shares during the quarter. Exxon Mobil accounts for approximately 2.7% of Thompson Investment Management Inc.’s portfolio, making the stock its 3rd largest position. Thompson Investment Management Inc.’s holdings in Exxon Mobil were worth $17,871,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of XOM. Retirement Investment Advisors Inc. lifted its holdings in Exxon Mobil by 42.7% during the third quarter. Retirement Investment Advisors Inc. now owns 91,888 shares of the oil and gas company’s stock valued at $10,804,000 after purchasing an additional 27,488 shares during the last quarter. Rench Wealth Management Inc. lifted its holdings in Exxon Mobil by 0.5% during the third quarter. Rench Wealth Management Inc. now owns 38,013 shares of the oil and gas company’s stock valued at $4,470,000 after purchasing an additional 204 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Exxon Mobil by 265.2% during the third quarter. Tower Research Capital LLC TRC now owns 170,061 shares of the oil and gas company’s stock valued at $19,996,000 after purchasing an additional 123,498 shares during the last quarter. Staley Capital Advisers Inc. lifted its holdings in Exxon Mobil by 8.4% during the third quarter. Staley Capital Advisers Inc. now owns 9,329 shares of the oil and gas company’s stock valued at $1,097,000 after purchasing an additional 725 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in Exxon Mobil by 62.6% during the third quarter. Bank of Nova Scotia now owns 1,290,630 shares of the oil and gas company’s stock valued at $151,750,000 after purchasing an additional 496,932 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.2 %

Shares of NYSE:XOM traded up $0.18 during trading on Wednesday, reaching $114.55. 5,746,878 shares of the company traded hands, compared to its average volume of 18,245,938. The firm has a market capitalization of $451.67 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 4.11 and a beta of 0.92. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week 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. The business’s fifty day moving average is $115.50 and its 200-day moving average is $109.39.

Exxon Mobil (NYSE:XOM) last announced 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business 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 business earned $2.83 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Piper Sandler upped their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Barclays assumed coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Mizuho upped their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.82.

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.