North Star Asset Management Inc. Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

North Star Asset Management Inc. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,940 shares of the oil and gas company’s stock after selling 8,332 shares during the quarter. North Star Asset Management Inc.’s holdings in Exxon Mobil were worth $2,893,000 at the end of the most recent reporting period.

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

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $120.58 on Tuesday. The company has a market capitalization of $477.29 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 4.12 and a beta of 0.96. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. 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 stock has a 50 day moving average price of $111.89 and a 200 day moving average price of $106.31.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter last year, the company posted $3.40 earnings per share. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on XOM shares. Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. TD Cowen lifted their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 1st. Scotiabank increased their target price 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. Truist Financial raised their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, UBS Group upped their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Eight research 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 has a consensus rating of “Moderate Buy” and an average price target of $132.28.

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.