Norden Group LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Norden Group LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3,409.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 504,773 shares of the oil and gas company’s stock after buying an additional 490,391 shares during the quarter. Exxon Mobil accounts for 0.6% of Norden Group LLC’s investment portfolio, making the stock its 26th biggest position. Norden Group LLC’s holdings in Exxon Mobil were worth $58,676,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in XOM. Partnership Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter worth $46,000. Vima LLC bought a new stake in Exxon Mobil in the 4th quarter worth $50,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil in the 4th quarter worth $80,000. Neo Ivy Capital Management bought a new stake in Exxon Mobil in the 4th quarter worth $80,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $88,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.5 %

Shares of Exxon Mobil stock opened at $114.76 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a market capitalization of $452.50 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 4.15 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a 50-day simple moving average of $114.88 and a two-hundred day simple moving average of $109.95.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $2.83 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 9.23 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. Exxon Mobil’s payout ratio is 46.57%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XOM shares. Truist Financial reaffirmed a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. TD Cowen lifted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. UBS Group lifted their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

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.