Rockland Trust Co. lifted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,275 shares of the oil and gas company's stock after buying an additional 7,619 shares during the period. Exxon Mobil comprises 1.5% of Rockland Trust Co.'s holdings, making the stock its 21st largest position. Rockland Trust Co.'s holdings in Exxon Mobil were worth $29,396,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC increased its position in shares of Exxon Mobil by 20.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 126,618 shares of the oil and gas company's stock valued at $13,620,000 after buying an additional 21,258 shares in the last quarter. Oak Thistle LLC increased its position in shares of Exxon Mobil by 219.5% in the 4th quarter. Oak Thistle LLC now owns 11,402 shares of the oil and gas company's stock valued at $1,227,000 after buying an additional 7,833 shares in the last quarter. Floyd Financial Group LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $923,000. R.H. Investment Group LLC bought a new position in Exxon Mobil during the 4th quarter worth about $3,830,000. Finally, Pines Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter worth about $2,587,000. Institutional investors own 61.80% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on XOM shares. Wells Fargo & Company increased their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They set a "neutral" rating and a $124.00 target price for the company. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $128.84.
View Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Stock Performance
XOM stock traded down $0.19 during mid-day trading on Thursday, hitting $111.32. 10,351,484 shares of the company were exchanged, compared to its average volume of 14,547,209. The business has a 50 day simple moving average of $112.93 and a 200-day simple moving average of $115.55. 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 stock has a market capitalization of $489.27 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. 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 (EPS) for the quarter, topping the consensus estimate 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 period last year, the business posted $2.27 earnings per share. The business's revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current year.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.
Exxon Mobil Company Profile
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Free Report)
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.
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