Exxon Mobil Corporation $XOM Shares Sold by Northcape Wealth Management LLC

Northcape Wealth Management LLC lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,183 shares of the oil and gas company’s stock after selling 2,121 shares during the period. Exxon Mobil comprises about 1.3% of Northcape Wealth Management LLC’s holdings, making the stock its 23rd largest position. Northcape Wealth Management LLC’s holdings in Exxon Mobil were worth $4,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Eagle Capital Management LLC increased its position in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares in the last quarter. Brucke Financial Inc. increased its position in shares of Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Exxon Mobil by 12.2% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 21,251 shares of the oil and gas company’s stock worth $2,527,000 after purchasing an additional 2,307 shares in the last quarter. Timber Creek Capital Management LLC increased its position in shares of Exxon Mobil by 1.5% during the first quarter. Timber Creek Capital Management LLC now owns 61,186 shares of the oil and gas company’s stock worth $7,277,000 after purchasing an additional 917 shares in the last quarter. Finally, Tilson Financial Group Inc. increased its position in Exxon Mobil by 1.8% in the 1st quarter. Tilson Financial Group Inc. now owns 34,182 shares of the oil and gas company’s stock valued at $4,065,000 after acquiring an additional 618 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $113.85 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $113.30 and its two-hundred day moving average is $110.08. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a market capitalization of $485.37 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion for the quarter. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 57.56%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Monday. Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Bank of America boosted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Finally, Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $128.50.

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.