Exxon Mobil Co. (NYSE:XOM) Shares Bought by Old North State Trust LLC

Old North State Trust LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 44.7% in the 1st quarter, HoldingsChannel reports. The firm owned 7,069 shares of the oil and gas company’s stock after purchasing an additional 2,184 shares during the quarter. Old North State Trust LLC’s holdings in Exxon Mobil were worth $775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XOM. Triasima Portfolio Management inc. increased its position in shares of Exxon Mobil by 3.5% during the first quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company’s stock worth $500,000 after acquiring an additional 153 shares during the period. TIAA FSB lifted its position in shares of Exxon Mobil by 8.2% during the 1st quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock worth $55,837,000 after purchasing an additional 38,760 shares during the last quarter. Nvest Financial LLC lifted its position in shares of Exxon Mobil by 5.6% during the 1st quarter. Nvest Financial LLC now owns 3,651 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 194 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Exxon Mobil by 4.9% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 21,302 shares of the oil and gas company’s stock worth $2,336,000 after purchasing an additional 1,003 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in shares of Exxon Mobil by 0.5% during the 1st quarter. SeaCrest Wealth Management LLC now owns 62,414 shares of the oil and gas company’s stock worth $6,844,000 after purchasing an additional 329 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at $3,193,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jeffrey W. Ubben bought 458,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on XOM. HSBC lifted their price objective on shares of Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Mizuho boosted their target price on Exxon Mobil from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. StockNews.com initiated coverage on shares of Exxon Mobil in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Piper Sandler reduced their price target on shares of Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.43.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $116.72 on Friday. The stock has a market capitalization of $467.25 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92. The business has a 50 day simple moving average of $108.38 and a 200-day simple moving average of $108.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.06). The firm had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.14 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 8.94 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.12%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s payout ratio is 29.12%.

Exxon Mobil Company Profile

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.