Private Harbour Investment Management & Counsel LLC Has $4.71 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Private Harbour Investment Management & Counsel LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,016 shares of the oil and gas company’s stock after selling 575 shares during the quarter. Exxon Mobil makes up 5.2% of Private Harbour Investment Management & Counsel LLC’s portfolio, making the stock its 3rd largest holding. Private Harbour Investment Management & Counsel LLC’s holdings in Exxon Mobil were worth $4,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Exxon Mobil by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock valued at $30,098,496,000 after purchasing an additional 8,825,023 shares in the last quarter. State Street Corp boosted its stake in Exxon Mobil by 0.4% during the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after purchasing an additional 1,128,974 shares in the last quarter. Norges Bank bought a new position in Exxon Mobil during the 4th quarter valued at $3,184,424,000. GQG Partners LLC boosted its stake in Exxon Mobil by 59.9% during the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after purchasing an additional 19,403,556 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after purchasing an additional 560,517 shares in the last quarter. 56.84% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.4 %

Exxon Mobil stock opened at $90.57 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The company has a market capitalization of $377.46 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.31 and a beta of 1.07. Exxon Mobil Co. has a one year low of $55.28 and a one year high of $105.57. The company’s fifty day moving average price is $93.05 and its two-hundred day moving average price is $89.79.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The business’s quarterly revenue was up 70.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 12.67 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.89%. The ex-dividend date was Thursday, August 11th. Exxon Mobil’s payout ratio is 38.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey W. Ubben purchased 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Truist Financial cut their price objective on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Piper Sandler cut their price objective on Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, September 12th. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group increased their price objective on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $96.69.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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

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