NorthCrest Asset Manangement LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

NorthCrest Asset Manangement LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,208 shares of the oil and gas company's stock after buying an additional 9,693 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Exxon Mobil were worth $16,199,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XOM. Beacon Capital Management LLC grew its stake in Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after buying an additional 93 shares during the last quarter. Altus Wealth Group LLC grew its stake in shares of Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after purchasing an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after purchasing an additional 94 shares during the last quarter. WPWealth LLP grew its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after purchasing an additional 96 shares during the last quarter. Finally, Financial Management Network Inc. grew its stake in shares of Exxon Mobil by 1.2% in the 4th quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company's stock valued at $910,000 after purchasing an additional 97 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 2.1%

Exxon Mobil stock traded up $2.33 during trading on Friday, hitting $112.06. The company's stock had a trading volume of 28,512,903 shares, compared to its average volume of 15,687,104. The stock has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. The stock's fifty day moving average is $105.28 and its 200 day moving average is $108.82. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. 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 announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Scotiabank lowered their target price 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. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.50.

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.