Northwest Bank & Trust Co Invests $872,000 in Exxon Mobil Co. (NYSE:XOM)

Northwest Bank & Trust Co acquired a new stake in Exxon Mobil Co. (NYSE:XOMFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 8,725 shares of the oil and gas company’s stock, valued at approximately $872,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Vima LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $80,000. Neo Ivy Capital Management acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $80,000. Finally, Orion Capital Management LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $91,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.93 during trading hours on Friday, hitting $109.11. The company had a trading volume of 13,313,430 shares, compared to its average volume of 14,746,104. The firm has a market cap of $430.22 billion, a PE ratio of 13.37, a PEG ratio of 3.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a 50-day moving average of $116.83 and a 200 day moving average of $108.83.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the business earned $2.83 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XOM. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Wells Fargo & Company boosted their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Mizuho upped their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, HSBC boosted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $133.71.

Get Our Latest Analysis on Exxon Mobil

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

About Exxon Mobil

(Free Report)

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.

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

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