Norden Group LLC Has $1.44 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Norden Group LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,382 shares of the oil and gas company’s stock after selling 1,004 shares during the quarter. Norden Group LLC’s holdings in Exxon Mobil were worth $1,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldstein Advisors LLC acquired a new position in Exxon Mobil during the third quarter worth about $224,000. SS&H Financial Advisors Inc. bought a new stake in shares of Exxon Mobil during the third quarter worth about $6,403,000. White Lighthouse Investment Management Inc. grew its holdings in shares of Exxon Mobil by 10.4% during the third quarter. White Lighthouse Investment Management Inc. now owns 3,499 shares of the oil and gas company’s stock worth $411,000 after purchasing an additional 330 shares during the last quarter. UMB Bank n.a. boosted its holdings in Exxon Mobil by 0.5% in the third quarter. UMB Bank n.a. now owns 444,753 shares of the oil and gas company’s stock valued at $52,294,000 after acquiring an additional 2,340 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in Exxon Mobil by 7.1% in the third quarter. LS Investment Advisors LLC now owns 23,529 shares of the oil and gas company’s stock valued at $2,767,000 after acquiring an additional 1,561 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on XOM. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday. Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial upped their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company upped their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $133.56.

Exxon Mobil Trading Down 0.4 %

XOM traded down $0.52 on Tuesday, hitting $119.12. 10,465,378 shares of the company were exchanged, compared to its average volume of 18,107,221. The firm has a fifty day simple moving average of $113.65 and a two-hundred day simple moving average of $106.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market capitalization of $471.51 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.83 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.19%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly 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 is available through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was 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 in the company, valued at $3,169,845. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.