Exxon Mobil Co. (NYSE:XOM) Shares Bought by Northeast Financial Group Inc.

Northeast Financial Group Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,109 shares of the oil and gas company’s stock after buying an additional 272 shares during the quarter. Northeast Financial Group Inc.’s holdings in Exxon Mobil were worth $951,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. WFA Asset Management Corp increased its stake in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in Exxon Mobil during the first quarter worth about $933,000. Empowered Funds LLC increased its stake in Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after purchasing an additional 49,083 shares during the period. M&G Plc purchased a new stake in Exxon Mobil during the first quarter worth about $2,185,000. Finally, Mizuho Markets Americas LLC increased its stake in Exxon Mobil by 140.6% during the first quarter. Mizuho Markets Americas LLC now owns 100,360 shares of the oil and gas company’s stock worth $11,666,000 after purchasing an additional 58,649 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $119.35 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business has a 50 day simple moving average of $118.49 and a 200-day simple moving average of $116.40. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a market capitalization of $524.56 billion, a P/E ratio of 14.86, a PEG ratio of 5.09 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.32%. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. UBS Group cut their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Finally, Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil 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.