NorthCrest Asset Manangement LLC Has $16.68 Million Holdings in Exxon Mobil Corporation $XOM

NorthCrest Asset Manangement LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,987 shares of the oil and gas company’s stock after purchasing an additional 6,485 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Exxon Mobil were worth $16,680,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bare Financial Services Inc boosted its position in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the last quarter. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at about $40,000. TruNorth Capital Management LLC lifted its stake in shares of Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares during the period. Investment Research & Advisory Group Inc. bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $42,000. Finally, Halbert Hargrove Global Advisors LLC grew its stake in Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Exxon continues to prioritize shareholder returns through rising dividends and buybacks funded by strong cash flow, low debt and low-cost assets — a thesis that supports equity demand across oil-cycle volatility. How ExxonMobil Keeps Rewarding Shareholders Across Various Oil Cycles
• Positive Sentiment: Exxon hired Shearwater Geoservices for a large 3D seismic survey offshore Trinidad & Tobago — a move that advances exploration optionality and potential future production growth. Exploration upside can re-rate energy names if successful. ExxonMobil Taps Shearwater Geoservices for a Large Seismic Survey
• Positive Sentiment: Management is expanding the Comarch loyalty platform across key European markets, which could boost downstream customer engagement and refine retail margins — investors may view this as steadying near-term cash flow and strengthening non-upstream revenues. How Investors May Respond To Exxon Mobil (XOM) Expanding Comarch Loyalty Platform Across Key European Markets
• Neutral Sentiment: Analysts are reassessing Exxon’s valuation after reported improved access to Venezuela and the European loyalty expansion; the net effect may be mixed — potential production upside from Venezuela vs. execution and geopolitical risks. Investors will watch guidance and reserve updates for clarity. Assessing Exxon Mobil (XOM) Valuation After Venezuela Access And European Loyalty Expansion
• Negative Sentiment: Scotiabank and Wolfe Research cut price targets on XOM, which can create short-term downward pressure on the stock and temper upside expectations among some institutional holders. Scotiabank and Wolfe Research cut Exxon Mobil (XOM) price targets

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $130.41 on Wednesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $131.94. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $549.96 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 8.05 and a beta of 0.37. The stock’s fifty day simple moving average is $119.81 and its two-hundred day simple moving average is $114.85.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. During the same period last year, the firm earned $1.92 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Sanford C. Bernstein cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Barclays reduced their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. TD Cowen upped their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, December 12th. BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Jefferies Financial Group boosted their target price on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $130.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the sale, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.