NorthCrest Asset Manangement LLC Has $13.86 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

NorthCrest Asset Manangement LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,365 shares of the oil and gas company’s stock after acquiring an additional 5,381 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Exxon Mobil were worth $13,856,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. FCG Investment Co raised its position in shares of Exxon Mobil by 8.0% in the 2nd quarter. FCG Investment Co now owns 29,549 shares of the oil and gas company’s stock worth $3,402,000 after acquiring an additional 2,182 shares in the last quarter. Andina Capital Management LLC boosted its holdings in shares of Exxon Mobil by 54.7% during the 2nd quarter. Andina Capital Management LLC now owns 3,251 shares of the oil and gas company’s stock worth $374,000 after buying an additional 1,149 shares in the last quarter. AA Financial Advisors LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $410,000. Smith & Howard Wealth Management LLC increased its stake in shares of Exxon Mobil by 29.2% in the 2nd quarter. Smith & Howard Wealth Management LLC now owns 3,020 shares of the oil and gas company’s stock valued at $348,000 after acquiring an additional 683 shares in the last quarter. Finally, Maia Wealth LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth about $784,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XOM. Mizuho upped their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Barclays reduced their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Truist Financial decreased their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, Wells Fargo & Company cut their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.39.

Exxon Mobil Price Performance

XOM traded up $0.52 during trading on Wednesday, reaching $118.38. 2,297,122 shares of the company were exchanged, compared to its average volume of 17,238,895. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company’s 50-day moving average is $114.37 and its two-hundred day moving average is $113.15. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $466.77 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $1.94 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

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.