Northwest Capital Management Inc Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Northwest Capital Management Inc reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 17.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,494 shares of the oil and gas company’s stock after selling 530 shares during the quarter. Northwest Capital Management Inc’s holdings in Exxon Mobil were worth $249,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Brendel Financial Advisors LLC increased its holdings in Exxon Mobil by 1.6% during the 4th quarter. Brendel Financial Advisors LLC now owns 50,700 shares of the oil and gas company’s stock worth $5,069,000 after acquiring an additional 807 shares during the period. Klingenstein Fields & Co. LP increased its holdings in Exxon Mobil by 6.4% during the 4th quarter. Klingenstein Fields & Co. LP now owns 100,016 shares of the oil and gas company’s stock worth $10,000,000 after acquiring an additional 5,990 shares during the period. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Exxon Mobil by 28.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 173,045 shares of the oil and gas company’s stock worth $17,301,000 after buying an additional 38,088 shares during the last quarter. PSI Advisors LLC increased its holdings in shares of Exxon Mobil by 38.9% in the 4th quarter. PSI Advisors LLC now owns 7,812 shares of the oil and gas company’s stock worth $781,000 after buying an additional 2,188 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new position in shares of Exxon Mobil in the 4th quarter worth $282,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.6 %

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

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period last year, the company posted $3.40 EPS. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders 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 annualized dividend and a dividend yield of 3.15%. Exxon Mobil’s dividend payout ratio is 42.74%.

Analyst Ratings Changes

A number of equities analysts have recently commented on XOM shares. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Mizuho reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Finally, Truist Financial upped their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s 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 completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil 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.