Webster Bank N. A. Sells 3,214 Shares of Exxon Mobil Co. (NYSE:XOM)

Webster Bank N. A. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,970 shares of the oil and gas company's stock after selling 3,214 shares during the quarter. Webster Bank N. A.'s holdings in Exxon Mobil were worth $5,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in shares of Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock valued at $585,818,000 after buying an additional 5,110,603 shares during the last quarter. Center For Asset Management LLC lifted its position in shares of Exxon Mobil by 4.6% during the fourth quarter. Center For Asset Management LLC now owns 4,175 shares of the oil and gas company's stock worth $449,000 after purchasing an additional 183 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of Exxon Mobil by 2.5% during the fourth quarter. Cornerstone Wealth Group LLC now owns 84,545 shares of the oil and gas company's stock valued at $9,095,000 after purchasing an additional 2,045 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $48,348,000. Finally, Apexium Financial LP lifted its holdings in Exxon Mobil by 19.1% during the 4th quarter. Apexium Financial LP now owns 11,482 shares of the oil and gas company's stock worth $1,235,000 after buying an additional 1,842 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. Barclays dropped 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 note on Thursday, October 3rd. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $128.84.

Exxon Mobil Stock Up 0.7 %

Shares of XOM stock traded up $0.81 during trading on Thursday, reaching $109.48. The company's stock had a trading volume of 14,320,102 shares, compared to its average volume of 15,119,645. The company has a market cap of $481.18 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The business has a fifty day moving average price of $110.91 and a 200-day moving average price of $115.33. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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 earnings per share for the quarter, beating the consensus estimate 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 for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced 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 is an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil's payout ratio is presently 49.32%.

Exxon Mobil 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.