Northstar Investment Advisors LLC Reduces Holdings in Exxon Mobil Co. (XOM)

Northstar Investment Advisors LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,889 shares of the oil and gas company’s stock after selling 4,223 shares during the period. Exxon Mobil accounts for about 2.1% of Northstar Investment Advisors LLC’s holdings, making the stock its 13th biggest holding. Northstar Investment Advisors LLC’s holdings in Exxon Mobil were worth $10,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after purchasing an additional 10,366,636 shares during the period. Capital Research Global Investors grew its stake in Exxon Mobil by 7.0% during the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after purchasing an additional 2,058,060 shares during the period. Legal & General Group Plc grew its stake in Exxon Mobil by 2.7% during the second quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock worth $1,872,300,000 after purchasing an additional 604,537 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Exxon Mobil by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after purchasing an additional 1,406,529 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Exxon Mobil by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 18,988,328 shares of the oil and gas company’s stock worth $1,556,586,000 after purchasing an additional 527,894 shares during the period. 51.29% of the stock is owned by institutional investors.

In other news, VP Robert N. Schleckser sold 5,601 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the transaction, the vice president now owns 229,774 shares in the company, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock worth $4,273,910 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Exxon Mobil Co. (NYSE:XOM) opened at $76.54 on Friday. Exxon Mobil Co. has a fifty-two week low of $73.90 and a fifty-two week high of $89.30. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $324,310.00, a P/E ratio of 16.53, a PEG ratio of 1.03 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The company had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. sell-side analysts forecast that Exxon Mobil Co. will post 4.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be issued a $0.77 dividend. The ex-dividend date is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.02%. Exxon Mobil’s dividend payout ratio is presently 66.52%.

XOM has been the subject of several recent analyst reports. TheStreet raised Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Vetr cut Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $92.50 target price for the company. in a research note on Friday, December 1st. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Thursday, October 26th. Howard Weil raised Exxon Mobil from an “outperform” rating to a “focus list” rating in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $83.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $87.02.

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About Exxon Mobil

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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