Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,486 shares of the oil and gas company’s stock after acquiring an additional 94 shares during the period. Exxon Mobil comprises approximately 1.3% of Harbour Trust & Investment Management Co’s holdings, making the stock its 21st biggest position. Harbour Trust & Investment Management Co’s holdings in Exxon Mobil were worth $11,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. Wedge Capital Management L L P NC boosted its holdings in Exxon Mobil by 1.8% in the third quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock worth $830,000 after purchasing an additional 126 shares during the period. Creative Planning boosted its holdings in shares of Exxon Mobil by 0.5% in the 3rd quarter. Creative Planning now owns 1,801,232 shares of the oil and gas company’s stock valued at $211,140,000 after buying an additional 9,733 shares during the period. Magnus Financial Group LLC boosted its holdings in shares of Exxon Mobil by 37.8% in the 3rd quarter. Magnus Financial Group LLC now owns 55,842 shares of the oil and gas company’s stock valued at $6,546,000 after buying an additional 15,309 shares during the period. Regatta Capital Group LLC grew its position in shares of Exxon Mobil by 2.7% during the 3rd quarter. Regatta Capital Group LLC now owns 8,586 shares of the oil and gas company’s stock valued at $1,006,000 after buying an additional 229 shares during the last quarter. Finally, QV Investors Inc. raised its stake in Exxon Mobil by 0.6% during the third quarter. QV Investors Inc. now owns 41,611 shares of the oil and gas company’s stock worth $4,878,000 after acquiring an additional 240 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 3.9 %

Shares of XOM stock opened at $107.37 on Thursday. The stock has a 50-day simple moving average of $109.16 and a 200 day simple moving average of $114.88. The stock has a market capitalization of $471.90 billion, a P/E ratio of 13.70, a P/E/G ratio of 2.94 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets cut their target price on 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. Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, HSBC cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

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.