Old North State Trust LLC boosted its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 44.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,069 shares of the oil and gas company’s stock after purchasing an additional 2,184 shares during the period. Old North State Trust LLC’s holdings in Exxon Mobil were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the business. Triasima Portfolio Management inc. boosted its stake in shares of Exxon Mobil by 3.5% during the first quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company’s stock valued at $500,000 after purchasing an additional 153 shares during the period. TIAA FSB grew its stake in Exxon Mobil by 8.2% in the 1st quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock worth $55,837,000 after acquiring an additional 38,760 shares in the last quarter. Nvest Financial LLC raised its stake in shares of Exxon Mobil by 5.6% during the first quarter. Nvest Financial LLC now owns 3,651 shares of the oil and gas company’s stock valued at $400,000 after acquiring an additional 194 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Exxon Mobil by 4.9% in the first quarter. Newbridge Financial Services Group Inc. now owns 21,302 shares of the oil and gas company’s stock valued at $2,336,000 after purchasing an additional 1,003 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in Exxon Mobil by 0.5% in the first quarter. SeaCrest Wealth Management LLC now owns 62,414 shares of the oil and gas company’s stock worth $6,844,000 after purchasing an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.
Exxon Mobil Stock Down 1.5 %
NYSE:XOM opened at $116.72 on Friday. The company’s 50 day moving average is $108.38 and its two-hundred day moving average is $108.47. The company has a market cap of $467.25 billion, a PE ratio of 9.34, a P/E/G ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 29.12%.
Insider Activity at Exxon Mobil
In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jeffrey W. Ubben purchased 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. StockNews.com began coverage on Exxon Mobil in a research report on Thursday, August 17th. They set a “hold” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 target price on shares of Exxon Mobil in a report on Wednesday, July 19th. Morgan Stanley boosted their price target on shares of Exxon Mobil from $121.00 to $124.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $100.00 to $105.00 in a report on Thursday, August 31st. Finally, Truist Financial reduced their price objective on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, July 24th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $123.43.
Read Our Latest Analysis on Exxon Mobil
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.
Featured Stories
- Five stocks we like better than Exxon Mobil
- 5 Top Rated Dividend Stocks to Consider
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- 3 Reasons Price Weakness Is a Buying Opportunity For Lennar
- What is MarketRank™? How to Use it
- Name A Better Trio Than These Underrated High Potential Stocks
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.
