Northwest Capital Management Inc Sells 530 Shares of Exxon Mobil Co. (NYSE:XOM)

Northwest Capital Management Inc decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,494 shares of the oil and gas company’s stock after selling 530 shares during the period. Northwest Capital Management Inc’s holdings in Exxon Mobil were worth $249,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. FMR LLC lifted its stake in Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. Morgan Stanley lifted its stake in Exxon Mobil by 2.0% in the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares during the last quarter. Northern Trust Corp lifted its stake in Exxon Mobil by 1.3% in the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after purchasing an additional 576,078 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Exxon Mobil by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock valued at $1,088,077,000 after purchasing an additional 132,196 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Exxon Mobil by 15.8% in the 3rd quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock valued at $1,081,395,000 after purchasing an additional 1,252,505 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. TD Cowen raised their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $120.58 on Tuesday. The company’s 50 day simple moving average is $111.89 and its 200 day simple moving average is $106.31. The stock has a market capitalization of $477.29 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 4.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the firm posted $3.40 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.15%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

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.