Tocqueville Asset Management L.P. Has $18.66 Million Position in Exxon Mobil Co. (NYSE:XOM)

Tocqueville Asset Management L.P. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 173,470 shares of the oil and gas company’s stock after acquiring an additional 2,103 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Exxon Mobil were worth $18,660,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of XOM. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets lowered their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Scotiabank lowered their price target on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.7 %

Shares of NYSE:XOM opened at $113.79 on Tuesday. The business’s 50-day moving average is $109.47 and its 200-day moving average is $113.60. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company has a market capitalization of $493.74 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm earned $2.48 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

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.