Exxon Mobil Co. (NYSE:XOM) Holdings Raised by Northern Trust Corp

Northern Trust Corp grew its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,017,358 shares of the oil and gas company's stock after acquiring an additional 2,998,892 shares during the period. Exxon Mobil accounts for 0.7% of Northern Trust Corp's investment portfolio, making the stock its 15th biggest holding. Northern Trust Corp owned 1.05% of Exxon Mobil worth $4,950,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Down 0.0 %

Exxon Mobil stock opened at $108.61 on Monday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $469.77 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.02 and a beta of 0.61. The company's 50 day simple moving average is $109.75 and its 200 day simple moving average is $112.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the firm earned $2.48 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. HSBC cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Mizuho cut their target price on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $126.50.

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.

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