Northwest Bank & Trust Co Buys New Stake in Exxon Mobil Co. (NYSE:XOM)

Northwest Bank & Trust Co bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 8,725 shares of the oil and gas company’s stock, valued at approximately $872,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. bought a new position in Exxon Mobil in the 3rd quarter valued at approximately $15,527,000. Nordea Investment Management AB grew its holdings in shares of Exxon Mobil by 0.6% during the third quarter. Nordea Investment Management AB now owns 1,052,745 shares of the oil and gas company’s stock worth $123,434,000 after purchasing an additional 5,781 shares in the last quarter. Sargent Investment Group LLC boosted its stake in Exxon Mobil by 33.3% in the third quarter. Sargent Investment Group LLC now owns 23,189 shares of the oil and gas company’s stock worth $2,727,000 after buying an additional 5,796 shares in the last quarter. Pearl River Capital LLC purchased a new stake in shares of Exxon Mobil during the third quarter valued at approximately $2,268,000. Finally, WestHill Financial Advisors Inc. raised its holdings in shares of Exxon Mobil by 3.1% during the third quarter. WestHill Financial Advisors Inc. now owns 4,149 shares of the oil and gas company’s stock valued at $488,000 after acquiring an additional 126 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Truist Financial restated a “hold” rating and set a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. TD Cowen upped their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Piper Sandler upped their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.71.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.93 during mid-day trading on Friday, hitting $109.11. The company’s stock had a trading volume of 13,313,430 shares, compared to its average volume of 14,746,104. The company has a market capitalization of $430.22 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 3.89 and a beta of 0.92. The stock has a fifty day moving average of $116.83 and a 200-day moving average of $108.83. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the prior year, the business earned $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a dividend of $0.95 per share. 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 dividend payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

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

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.