Cape Cod Five Cents Savings Bank Has $12.52 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Cape Cod Five Cents Savings Bank trimmed its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,770 shares of the oil and gas company's stock after selling 9,010 shares during the quarter. Exxon Mobil accounts for about 1.2% of Cape Cod Five Cents Savings Bank's portfolio, making the stock its 21st biggest holding. Cape Cod Five Cents Savings Bank's holdings in Exxon Mobil were worth $12,522,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Austin Private Wealth LLC raised its position in Exxon Mobil by 1.3% during the second quarter. Austin Private Wealth LLC now owns 40,593 shares of the oil and gas company's stock valued at $4,673,000 after acquiring an additional 529 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Exxon Mobil by 89.0% during the second quarter. Dynamic Advisor Solutions LLC now owns 107,358 shares of the oil and gas company's stock valued at $12,359,000 after purchasing an additional 50,544 shares in the last quarter. Quantum Financial Advisors LLC raised its holdings in shares of Exxon Mobil by 23.2% in the 2nd quarter. Quantum Financial Advisors LLC now owns 9,721 shares of the oil and gas company's stock worth $1,119,000 after buying an additional 1,833 shares in the last quarter. Diligent Investors LLC lifted its position in shares of Exxon Mobil by 59.5% during the 2nd quarter. Diligent Investors LLC now owns 13,580 shares of the oil and gas company's stock worth $1,563,000 after buying an additional 5,066 shares during the period. Finally, FLC Capital Advisors grew its position in Exxon Mobil by 9.4% in the second quarter. FLC Capital Advisors now owns 43,788 shares of the oil and gas company's stock valued at $5,041,000 after acquiring an additional 3,775 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a report on Friday, October 4th. Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. TD Cowen boosted their target price on Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Finally, Redburn Atlantic reissued a "neutral" rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.23 on Monday, reaching $113.34. 9,318,520 shares of the stock were exchanged, compared to its average volume of 16,195,150. The firm's 50 day moving average is $119.77 and its 200-day moving average is $116.47. The firm has a market cap of $498.14 billion, a PE ratio of 14.28, a P/E/G ratio of 4.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

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.