Exxon Mobil Co. (NYSE:XOM) is Northstar Advisory Group LLC’s 10th Largest Position

Posted by on Apr 7th, 2023

Northstar Advisory Group LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,346 shares of the oil and gas company’s stock after selling 170 shares during the quarter. Exxon Mobil accounts for approximately 1.6% of Northstar Advisory Group LLC’s investment portfolio, making the stock its 10th biggest position. Northstar Advisory Group LLC’s holdings in Exxon Mobil were worth $2,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bullseye Investment Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $4,730,000. Oak Harvest Investment Services raised its position in Exxon Mobil by 11.6% in the 4th quarter. Oak Harvest Investment Services now owns 31,514 shares of the oil and gas company’s stock valued at $3,476,000 after purchasing an additional 3,267 shares in the last quarter. Forum Financial Management LP raised its position in Exxon Mobil by 8.9% in the 4th quarter. Forum Financial Management LP now owns 66,275 shares of the oil and gas company’s stock valued at $7,310,000 after purchasing an additional 5,429 shares in the last quarter. Matrix Trust Co raised its position in Exxon Mobil by 17.7% in the 4th quarter. Matrix Trust Co now owns 11,474 shares of the oil and gas company’s stock valued at $1,266,000 after purchasing an additional 1,725 shares in the last quarter. Finally, Empirical Finance LLC raised its position in Exxon Mobil by 7.6% in the 4th quarter. Empirical Finance LLC now owns 117,403 shares of the oil and gas company’s stock valued at $12,950,000 after purchasing an additional 8,325 shares in the last quarter. 57.49% of the stock is currently 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 2,500 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Truist Financial increased their price target on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. Bank of America increased their price target on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Wells Fargo & Company increased their price target on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Mizuho increased their price target on Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Finally, StockNews.com began coverage on Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $121.64.

Exxon Mobil Trading Down 1.7 %

XOM opened at $115.05 on Friday. The firm has a market cap of $468.37 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.51 and a beta of 1.08. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63. The business’s 50 day moving average is $110.74 and its two-hundred day moving average is $107.75. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 9.84 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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

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