Northwest Investment Counselors LLC Sells 200 Shares of Exxon Mobil Co. (NYSE:XOM)

Northwest Investment Counselors LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,428 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Exxon Mobil were worth $475,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its holdings in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $5,226,390,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Exxon Mobil by 16.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock worth $5,218,954,000 after purchasing an additional 6,580,247 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Exxon Mobil by 188.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock worth $327,573,000 after purchasing an additional 5,711,599 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after purchasing an additional 5,566,797 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, Director Jeffrey W. Ubben acquired 458,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jeffrey W. Ubben acquired 458,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Up 0.8 %

XOM stock opened at $117.69 on Tuesday. The company has a market cap of $471.14 billion, a P/E ratio of 9.42, a PEG ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $108.65 and a 200-day moving average of $108.49.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The firm had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company’s revenue was down 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.14 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 8.94 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.09%. Exxon Mobil’s dividend payout ratio is presently 29.12%.

Analyst Ratings Changes

Several brokerages have recently weighed in on XOM. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Wednesday, July 19th. HSBC boosted their price target on Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. StockNews.com began coverage on Exxon Mobil in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Mizuho boosted their price target on Exxon Mobil from $131.00 to $139.00 and gave the company a “buy” rating in a research note on Monday. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.78.

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.