NorthRock Partners LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,044 shares of the oil and gas company’s stock after selling 767 shares during the period. NorthRock Partners LLC’s holdings in Exxon Mobil were worth $2,321,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthquest Corp increased its holdings in Exxon Mobil by 1.4% in the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 89 shares during the last quarter. Bank of The West increased its holdings in Exxon Mobil by 0.8% in the 4th quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after acquiring an additional 89 shares during the last quarter. Motive Wealth Advisors increased its holdings in Exxon Mobil by 2.1% in the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after acquiring an additional 90 shares during the last quarter. Smart Money Group LLC increased its holdings in Exxon Mobil by 3.8% in the 4th quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after acquiring an additional 91 shares during the last quarter. Finally, Tarbox Family Office Inc. increased its holdings in Exxon Mobil by 1.2% in the 4th quarter. Tarbox Family Office Inc. now owns 7,968 shares of the oil and gas company’s stock valued at $879,000 after acquiring an additional 93 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on XOM. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $114.00 to $118.00 and gave the stock an “overweight” rating in a report on Wednesday. Truist Financial boosted their target price on shares of Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Finally, StockNews.com began coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $124.61.
Insider Buying and Selling
Exxon Mobil Stock Up 0.3 %
Shares of NYSE XOM opened at $116.01 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The firm has a market capitalization of $470.92 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.54 and a beta of 1.08. The stock has a 50 day moving average price of $111.04 and a 200 day moving average price of $109.78. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week high of $119.63.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion during 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%. Exxon Mobil’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 9.99 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.14%. Exxon Mobil’s payout ratio is 27.45%.
Exxon Mobil Profile
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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