North Star Investment Management Corp. lessened its stake in  Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,068 shares of the oil and gas company's stock after selling 2,276 shares during the quarter. North Star Investment Management Corp.'s holdings in Exxon Mobil were worth $4,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Axiom Financial Strategies LLC lifted its stake in  Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company's stock valued at $680,000 after purchasing an additional 1,173 shares during the last quarter.  Retirement Income Solutions Inc acquired a new stake in shares of  Exxon Mobil in the first quarter valued at approximately $275,000.  Loomis Sayles & Co. L P boosted its stake in shares of  Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company's stock worth $1,417,000 after acquiring an additional 13,065 shares during the period.  Ergoteles LLC increased its holdings in shares of  Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company's stock worth $1,308,000 after acquiring an additional 7,744 shares during the last quarter.  Finally, Bridgefront Capital LLC bought a new stake in  Exxon Mobil in the 1st quarter valued at $237,000. 57.49% of the stock is owned by institutional investors.

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Analyst Ratings Changes

XOM has been the topic of several research reports. Redburn Partners downgraded shares of Exxon Mobil from a "neutral" rating to a "sell" rating in a report on Wednesday, January 18th. Argus increased their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, February 2nd. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $120.00 to $135.00 in a research report on Tuesday, January 17th. HSBC lifted their price target on Exxon Mobil to $111.00 in a report on Friday, December 2nd. Finally, Truist Financial increased their price objective on Exxon Mobil from $101.00 to $110.00 and gave the stock a "hold" rating in a research report on Wednesday, February 1st. One analyst  has rated the stock with a sell rating, seven have issued  a hold rating and fifteen have assigned  a buy rating to the stock. According to MarketBeat, the stock  has an average rating of "Moderate Buy" and a consensus price target of $121.64.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $102.45 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63. The stock has a market capitalization of $417.07 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 0.43 and a beta of 1.09. The stock has a fifty day moving average of $111.62 and a 200-day moving average of $106.64.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. The firm had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 earnings per share.  On average, sell-side analysts expect that  Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend  was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.55%. Exxon Mobil's payout ratio is presently 27.45%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the business's stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own  0.04% of the company's stock.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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