Stonegate Investment Group LLC Has $112.84 Million Position in Exxon Mobil Corporation $XOM

Stonegate Investment Group LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000,766 shares of the oil and gas company’s stock after selling 39,272 shares during the period. Exxon Mobil makes up approximately 2.6% of Stonegate Investment Group LLC’s portfolio, making the stock its 11th biggest position. Stonegate Investment Group LLC’s holdings in Exxon Mobil were worth $112,836,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Aspire Growth Partners LLC boosted its holdings in shares of Exxon Mobil by 1.2% during the 3rd quarter. Aspire Growth Partners LLC now owns 15,145 shares of the oil and gas company’s stock worth $1,708,000 after buying an additional 181 shares in the last quarter. Northstar Advisory Group LLC increased its stake in shares of Exxon Mobil by 4.4% in the 3rd quarter. Northstar Advisory Group LLC now owns 20,569 shares of the oil and gas company’s stock valued at $2,319,000 after acquiring an additional 873 shares in the last quarter. KPP Advisory Services LLC lifted its position in shares of Exxon Mobil by 2.1% during the 3rd quarter. KPP Advisory Services LLC now owns 33,746 shares of the oil and gas company’s stock valued at $3,805,000 after acquiring an additional 689 shares during the period. Riverwater Partners LLC boosted its stake in Exxon Mobil by 14.8% during the third quarter. Riverwater Partners LLC now owns 2,210 shares of the oil and gas company’s stock worth $249,000 after acquiring an additional 285 shares in the last quarter. Finally, Bank of Jackson Hole Trust grew its holdings in Exxon Mobil by 43.6% in the third quarter. Bank of Jackson Hole Trust now owns 1,491 shares of the oil and gas company’s stock worth $168,000 after purchasing an additional 453 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on XOM shares. Piper Sandler dropped their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a research report on Monday. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. Citigroup raised their price objective on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Finally, Sanford C. Bernstein decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.84.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $134.78 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $568.39 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 8.62 and a beta of 0.37. The stock’s fifty day simple moving average is $121.08 and its two-hundred day simple moving average is $115.43. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $136.94.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $83.33 billion during the quarter, compared to analyst estimates of $83.09 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.