Northstar Financial Companies Inc. Reduces Holdings in Exxon Mobil Corporation $XOM

Northstar Financial Companies Inc. decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 44.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,415 shares of the oil and gas company’s stock after selling 4,318 shares during the period. Northstar Financial Companies Inc.’s holdings in Exxon Mobil were worth $584,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Eagle Capital Management LLC raised its holdings in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the period. Brucke Financial Inc. boosted its holdings in Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after acquiring an additional 142 shares during the period. GW&K Investment Management LLC grew its position in Exxon Mobil by 11.6% in the 1st quarter. GW&K Investment Management LLC now owns 3,797 shares of the oil and gas company’s stock valued at $452,000 after acquiring an additional 395 shares during the last quarter. United Bank increased its stake in Exxon Mobil by 6.7% in the first quarter. United Bank now owns 21,221 shares of the oil and gas company’s stock worth $2,524,000 after purchasing an additional 1,333 shares during the period. Finally, Wakefield Asset Management LLLP bought a new stake in shares of Exxon Mobil during the first quarter worth $301,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.3%

XOM opened at $117.04 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market cap of $493.57 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The stock has a fifty day moving average price of $114.59 and a 200-day moving average price of $110.95.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XOM. Morgan Stanley upped their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Barclays decreased their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. UBS Group lifted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Melius Research started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $128.67.

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.