Kennebec Savings Bank Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Kennebec Savings Bank acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,486 shares of the oil and gas company's stock, valued at approximately $1,815,000. Exxon Mobil comprises approximately 1.8% of Kennebec Savings Bank's investment portfolio, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC grew its stake in shares of Exxon Mobil by 38.0% in the third quarter. Ashton Thomas Securities LLC now owns 11,232 shares of the oil and gas company's stock valued at $1,317,000 after buying an additional 3,094 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Exxon Mobil by 0.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,658,440 shares of the oil and gas company's stock worth $194,402,000 after buying an additional 5,504 shares during the period. Advantage Trust Co grew its holdings in shares of Exxon Mobil by 33.3% during the 3rd quarter. Advantage Trust Co now owns 800 shares of the oil and gas company's stock worth $94,000 after purchasing an additional 200 shares in the last quarter. Stockman Wealth Management Inc. increased its holdings in Exxon Mobil by 6.8% in the third quarter. Stockman Wealth Management Inc. now owns 94,568 shares of the oil and gas company's stock valued at $11,085,000 after purchasing an additional 6,039 shares during the last quarter. Finally, River Global Investors LLP increased its holdings in shares of Exxon Mobil by 8.4% during the 3rd quarter. River Global Investors LLP now owns 38,499 shares of the oil and gas company's stock worth $4,512,000 after acquiring an additional 2,995 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on XOM. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 17th. UBS Group lowered their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research note on Wednesday, September 18th. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Evercore ISI raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Finally, Mizuho raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $129.95.

Exxon Mobil Trading Up 0.1 %

XOM traded up $0.12 on Tuesday, hitting $120.59. The company had a trading volume of 6,519,139 shares, compared to its average volume of 16,318,811. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $530.01 billion, a P/E ratio of 14.99, a PEG ratio of 5.08 and a beta of 0.90. The company's fifty day moving average price is $117.96 and its 200 day moving average price is $116.32. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same period last year, the company posted $2.27 EPS. The company's revenue was down .8% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.28%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is 47.32%.

Exxon Mobil Company 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.