NorthCrest Asset Manangement LLC Purchases 9,693 Shares of Exxon Mobil Co. (NYSE:XOM)

NorthCrest Asset Manangement LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,208 shares of the oil and gas company’s stock after purchasing an additional 9,693 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Exxon Mobil were worth $16,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. 10Elms LLP purchased a new position in Exxon Mobil in the fourth quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $32,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XOM. Morgan Stanley cut their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Trading Up 0.4%

Shares of NYSE:XOM opened at $109.71 on Friday. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market capitalization of $472.81 billion, a PE ratio of 13.99, a PEG ratio of 3.02 and a beta of 0.49. The business has a 50 day moving average of $105.28 and a two-hundred day moving average of $108.82. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. Exxon Mobil’s payout ratio is 52.52%.

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.