Exxon Mobil Co. (NYSE:XOM) Stake Reduced by North Star Asset Management Inc.

North Star Asset Management Inc. cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 22.4% during the 4th quarter, Holdings Channel reports. The firm owned 28,940 shares of the oil and gas company’s stock after selling 8,332 shares during the period. North Star Asset Management Inc.’s holdings in Exxon Mobil were worth $2,893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Orion Capital Management LLC bought a new stake in Exxon Mobil during the third quarter valued at about $91,000. Authentikos Wealth Advisory LLC bought a new stake in Exxon Mobil in the third quarter valued at $92,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $80,000. Sumitomo Mitsui Financial Group Inc. raised its position in shares of Exxon Mobil by 851.6% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 792 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after buying an additional 525 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of several analyst reports. UBS Group lifted their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. TD Cowen raised their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Mizuho reiterated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Exxon Mobil Price Performance

Shares of XOM opened at $120.58 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm’s fifty day simple moving average is $111.89 and its 200-day simple moving average is $106.31. The firm has a market capitalization of $477.29 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 4.12 and a beta of 0.96. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the firm posted $3.40 EPS. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.15%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

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.