Grove Bank & Trust Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Grove Bank & Trust increased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,387 shares of the oil and gas company's stock after purchasing an additional 2,701 shares during the quarter. Exxon Mobil accounts for 0.9% of Grove Bank & Trust's holdings, making the stock its 25th largest holding. Grove Bank & Trust's holdings in Exxon Mobil were worth $6,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of XOM. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil in the second quarter valued at $46,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the 3rd quarter worth about $51,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.88 during trading hours on Tuesday, reaching $111.44. 3,847,296 shares of the stock were exchanged, compared to its average volume of 13,990,660. The stock has a market cap of $489.78 billion, a P/E ratio of 13.85, a P/E/G ratio of 3.01 and a beta of 0.91. The firm's 50 day moving average is $112.40 and its 200 day moving average is $115.50. 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 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The firm's revenue was down .8% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler decreased their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $128.84.

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.