Exxon Mobil Co. (NYSE:XOM) Stake Boosted by Northern Trust Corp

Northern Trust Corp raised its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,017,358 shares of the oil and gas company's stock after purchasing an additional 2,998,892 shares during the period. Exxon Mobil comprises approximately 0.7% of Northern Trust Corp's portfolio, making the stock its 15th biggest holding. Northern Trust Corp owned 1.05% of Exxon Mobil worth $4,950,087,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil in the 4th quarter valued at about $6,936,737,000. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. Finally, Capital Research Global Investors raised its position in shares of Exxon Mobil by 3.9% in the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after buying an additional 1,293,111 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on XOM. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Barclays decreased their target price on shares of Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $126.50.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Up 0.1 %

Shares of XOM stock traded up $0.09 during trading hours on Friday, reaching $105.87. The company had a trading volume of 10,972,301 shares, compared to its average volume of 16,814,979. The company has a market capitalization of $457.92 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The stock's fifty day simple moving average is $109.44 and its 200 day simple moving average is $111.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.74%. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

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.