True North Advisors LLC Boosts Position in Exxon Mobil Co. (NYSE:XOM)

True North Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 32.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,135 shares of the oil and gas company’s stock after purchasing an additional 12,504 shares during the period. Exxon Mobil comprises about 1.3% of True North Advisors LLC’s holdings, making the stock its 10th largest holding. True North Advisors LLC’s holdings in Exxon Mobil were worth $5,501,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the second quarter valued at about $46,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the 3rd quarter valued at $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil during the third quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $63,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $108.64 on Friday. Exxon Mobil Co. has a 1 year low of $99.61 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $111.56 and its two-hundred day simple moving average is $115.38. The company has a market cap of $477.48 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company earned $2.27 EPS. 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 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on XOM shares. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

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.