North Forty Two & Co. Purchases Shares of 7,253 Exxon Mobil Co. (NYSE:XOM)

North Forty Two & Co. purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,253 shares of the oil and gas company’s stock, valued at approximately $780,000.

A number of other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Exxon Mobil by 14.4% in the fourth 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 buying an additional 5,538,694 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after buying an additional 5,110,603 shares during the period. Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after buying an additional 4,415,012 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Exxon Mobil by 13,899.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock worth $1,963,000 after buying an additional 1,875,320 shares during the period. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Exxon Mobil by 11,131.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after buying an additional 1,776,848 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’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 value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on XOM shares. UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Truist Financial lifted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Morgan Stanley boosted their price target on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a 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’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Performance

Shares of XOM opened at $113.61 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average price is $109.56 and its 200-day moving average price is $113.57. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The stock has a market cap of $492.95 billion, a P/E ratio of 14.49, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm earned $2.48 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.49%. Exxon Mobil’s dividend payout ratio is currently 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.