Exxon Mobil Corporation (NYSE:XOM) Position Raised by NorthRock Partners LLC

Key Points

• NorthRock Partners LLC has increased its holdings in Exxon Mobil Corporation by 4.5%, acquiring an additional 2,354 shares, bringing their total to 54,348 shares valued at $6,463,000.
• Exxon Mobil reported an EPS of $1.76 for the last quarter, beating estimates, with quarterly revenue slightly up by 0.1% year-over-year.
• The company announced a quarterly dividend of $0.99, translating to an annual yield of 3.51%, with a payout ratio of 52.52%.

NorthRock Partners LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,348 shares of the oil and gas company's stock after acquiring an additional 2,354 shares during the quarter. NorthRock Partners LLC's holdings in Exxon Mobil were worth $6,463,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. 10Elms LLP purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the first quarter valued at approximately $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter worth approximately $32,000. Cloud Capital Management LLC acquired a new stake in shares of Exxon Mobil in the first quarter worth $45,000. Finally, Clarity Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Stock Performance

NYSE XOM traded down $1.66 during trading hours on Friday, hitting $109.98. The company had a trading volume of 3,362,403 shares, compared to its average volume of 16,712,650. The business has a fifty day simple moving average of $109.35 and a 200-day simple moving average of $109.15. The firm has a market cap of $473.97 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 2.10 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period in the previous year, the business posted $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.