Toronto Dominion Bank Acquires 84,579 Shares of Exxon Mobil Co. (NYSE:XOM)

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Toronto Dominion Bank lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% in the second quarter, Holdings Channel.com reports. The fund owned 3,045,810 shares of the oil and gas company’s stock after purchasing an additional 84,579 shares during the quarter. Toronto Dominion Bank’s holdings in Exxon Mobil were worth $102,611,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bernicke Wealth Management Ltd. lifted its holdings in shares of Exxon Mobil by 9.3% during the 2nd quarter. Bernicke Wealth Management Ltd. now owns 6,675 shares of the oil and gas company’s stock worth $299,000 after acquiring an additional 566 shares during the period. Wills Financial Group Inc. lifted its holdings in Exxon Mobil by 12.8% during the 2nd quarter. Wills Financial Group Inc. now owns 25,512 shares of the oil and gas company’s stock valued at $1,141,000 after purchasing an additional 2,885 shares during the last quarter. Loveless Wealth Management LLC lifted its holdings in Exxon Mobil by 1.7% during the 2nd quarter. Loveless Wealth Management LLC now owns 146,721 shares of the oil and gas company’s stock valued at $6,561,000 after purchasing an additional 2,450 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in Exxon Mobil by 1,111.1% during the 1st quarter. Alberta Investment Management Corp now owns 174,400 shares of the oil and gas company’s stock valued at $6,622,000 after purchasing an additional 160,000 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Exxon Mobil by 4.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,624,751 shares of the oil and gas company’s stock valued at $72,660,000 after purchasing an additional 73,172 shares during the last quarter. 50.90% of the stock is owned by institutional investors.

XOM has been the subject of several analyst reports. Royal Bank of Canada lifted their price target on shares of Exxon Mobil from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Monday, August 3rd. Cowen reissued a “hold” rating and set a $34.00 price target on shares of Exxon Mobil in a report on Thursday, July 2nd. Piper Sandler lifted their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Standpoint Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating in a report on Friday. Finally, Raymond James restated a “sell” rating on shares of Exxon Mobil in a research report on Tuesday, August 25th. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.30.

Shares of NYSE:XOM traded down $0.39 during trading on Tuesday, hitting $36.27. 23,660,518 shares of the company’s stock were exchanged, compared to its average volume of 28,307,131. The firm has a market cap of $155.01 billion, a P/E ratio of 22.01 and a beta of 1.26. The firm has a 50-day moving average price of $41.39 and a two-hundred day moving average price of $43.44. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. Exxon Mobil Co. has a 1-year low of $30.11 and a 1-year high of $75.18.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). The firm had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The firm’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, research analysts predict that Exxon Mobil Co. will post -0.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 13th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date was Wednesday, August 12th. Exxon Mobil’s dividend payout ratio is currently 154.67%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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