Tompkins Financial Corp Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Tompkins Financial Corp raised its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,820 shares of the oil and gas company's stock after acquiring an additional 12,417 shares during the quarter. Exxon Mobil makes up 1.7% of Tompkins Financial Corp's portfolio, making the stock its 14th biggest position. Tompkins Financial Corp's holdings in Exxon Mobil were worth $18,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in XOM. Fairscale Capital LLC acquired a new position in Exxon Mobil during the 2nd quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the second quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $51,000. Highline Wealth Partners LLC acquired a new position in Exxon Mobil in the third quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter worth $63,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.9 %

NYSE:XOM traded up $1.05 on Friday, hitting $112.37. The stock had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The business's fifty day moving average is $112.56 and its 200 day moving average is $115.51. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XOM shares. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. 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 report on Thursday, December 19th. BMO Capital Markets upped their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $128.84.

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.