Northeast Investment Management Sells 4,147 Shares of Exxon Mobil Corporation $XOM

Northeast Investment Management lessened its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 173,016 shares of the oil and gas company’s stock after selling 4,147 shares during the quarter. Northeast Investment Management’s holdings in Exxon Mobil were worth $19,508,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of XOM. Westfuller Advisors LLC acquired a new position in Exxon Mobil during the third quarter valued at approximately $30,000. Bare Financial Services Inc lifted its stake in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth $40,000. TruNorth Capital Management LLC grew its stake in Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 335 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its stake in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 181 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of XOM stock opened at $146.01 on Wednesday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $156.93. The company has a market capitalization of $615.75 billion, a P/E ratio of 21.83, a P/E/G ratio of 15.40 and a beta of 0.39. The stock has a 50 day moving average of $130.47 and a two-hundred day moving average of $119.33. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $82.31 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.Exxon Mobil’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 earnings per share. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. BNP Paribas Exane cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target for the company. in a report on Tuesday, February 3rd. Piper Sandler decreased their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Finally, Jefferies Financial Group raised their price objective on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $140.59.

Read Our Latest Stock Analysis on XOM

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the completion of the transaction, the vice president owned 20,354 shares of the company’s stock, valued at $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 14,230 shares of company stock worth $1,888,421. 0.03% of the stock is currently owned by insiders.

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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