MML Investors Services LLC Buys 18,707 Shares of Exxon Mobil Co. (NYSE:XOM)

MML Investors Services LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 564,918 shares of the oil and gas company’s stock after purchasing an additional 18,707 shares during the period. MML Investors Services LLC’s holdings in Exxon Mobil were worth $60,768,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MetLife Investment Management LLC increased its position in Exxon Mobil by 0.8% in the fourth quarter. MetLife Investment Management LLC now owns 1,164,958 shares of the oil and gas company’s stock worth $125,315,000 after purchasing an additional 8,887 shares during the period. Bank of Nova Scotia Trust Co. grew its position in shares of Exxon Mobil by 0.5% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 23,199 shares of the oil and gas company’s stock worth $2,496,000 after buying an additional 120 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Exxon Mobil by 18.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 306,839 shares of the oil and gas company’s stock valued at $33,007,000 after buying an additional 47,909 shares during the period. BOS Asset Management LLC boosted its stake in Exxon Mobil by 31.9% in the fourth quarter. BOS Asset Management LLC now owns 10,891 shares of the oil and gas company’s stock valued at $1,172,000 after acquiring an additional 2,636 shares during the last quarter. Finally, Capital International Inc. CA raised its position in shares of Exxon Mobil by 13.1% during the 4th quarter. Capital International Inc. CA now owns 215,303 shares of the oil and gas company’s stock valued at $23,160,000 after acquiring an additional 24,904 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on XOM shares. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.75.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction 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 Price Performance

NYSE:XOM opened at $106.84 on Friday. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market cap of $462.12 billion, a P/E ratio of 13.63, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock’s 50-day simple moving average is $109.82 and its 200 day simple moving average is $112.75.

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 for the quarter, missing the consensus estimate 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 last year, the business posted $2.48 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.71%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Exxon Mobil 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.