Penobscot Investment Management Company Inc. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,521 shares of the oil and gas company's stock after selling 2,470 shares during the quarter. Penobscot Investment Management Company Inc.'s holdings in Exxon Mobil were worth $5,865,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Price Performance
Shares of XOM stock traded down $0.35 during trading hours on Friday, hitting $117.54. The company's stock had a trading volume of 5,205,124 shares, compared to its average volume of 15,954,599. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The stock has a market cap of $510.03 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 3.02 and a beta of 0.83. The business has a fifty day moving average of $110.63 and a 200-day moving average of $113.67.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the company posted $2.48 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on XOM shares. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. Finally, Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $129.05.
Read Our Latest Analysis on XOM
Insider Activity
In related news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company's stock.
About Exxon Mobil
(
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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