Northstar Advisory Group LLC raised its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,640 shares of the oil and gas company’s stock after acquiring an additional 328 shares during the quarter. Exxon Mobil comprises 1.2% of Northstar Advisory Group LLC’s holdings, making the stock its 13th largest position. Northstar Advisory Group LLC’s holdings in Exxon Mobil were worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Exxon Mobil by 2.5% during the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock worth $30,098,496,000 after purchasing an additional 8,825,023 shares during the period. State Street Corp increased its holdings in shares of Exxon Mobil by 0.4% during the fourth quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock worth $15,494,002,000 after purchasing an additional 1,128,974 shares during the period. Norges Bank bought a new position in shares of Exxon Mobil during the fourth quarter worth approximately $3,184,424,000. GQG Partners LLC boosted its position in shares of Exxon Mobil by 59.9% during the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock worth $4,277,527,000 after acquiring an additional 19,403,556 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after acquiring an additional 560,517 shares in the last quarter. 56.84% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, Director Jeffrey W. Ubben bought 960,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey W. Ubben purchased 960,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company had revenue of $115.68 billion for the quarter, compared to analyst estimates of $111.67 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. Exxon Mobil’s revenue was up 70.8% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 12.69 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, August 11th. Exxon Mobil’s dividend payout ratio is presently 38.51%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on XOM. Bank of America increased their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Barclays increased their price target on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. Truist Financial reduced their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Morgan Stanley increased their price target on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. Finally, The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $96.69.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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