Exxon Mobil Co. (NYSE:XOM) Shares Bought by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 25.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,228 shares of the oil and gas company’s stock after buying an additional 10,141 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Exxon Mobil were worth $5,788,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares during the last quarter. Geode Capital Management LLC raised its stake in Exxon Mobil by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 74,126,090 shares of the oil and gas company’s stock valued at $7,930,414,000 after acquiring an additional 254,968 shares in the last quarter. Morgan Stanley raised its stake in Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter valued at $5,226,390,000. Finally, Dimensional Fund Advisors LP raised its stake in Exxon Mobil by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 32,615,361 shares of the oil and gas company’s stock valued at $3,497,972,000 after acquiring an additional 2,493,492 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $101.55 on Tuesday. The business’s 50-day moving average price is $100.79 and its two-hundred day moving average price is $106.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The company has a market capitalization of $402.43 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 3.66 and a beta of 0.97.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 earnings per share. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.74%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Jefferies Financial Group lifted their target price on Exxon Mobil from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Sanford C. Bernstein started coverage on Exxon Mobil in a research report on Tuesday, October 17th. They set an “outperform” rating and a $140.00 price target on the stock. Truist Financial upgraded Exxon Mobil from a “hold” rating to a “buy” rating and lifted their price target for the company from $110.00 to $131.00 in a research report on Thursday, October 12th. Finally, Mizuho cut Exxon Mobil from a “buy” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research report on Wednesday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.53.

Get Our Latest Report on Exxon Mobil

Insider Transactions at Exxon Mobil

In other news, VP Leonard M. Fox sold 12,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the completion of the sale, the vice president now owns 220,678 shares in the company, valued at approximately $22,652,596.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Jeffrey W. Ubben sold 2,077,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the transaction, the director now owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Leonard M. Fox sold 12,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $102.65, for a total value of $1,231,800.00. Following the transaction, the vice president now directly owns 220,678 shares of the company’s stock, valued at approximately $22,652,596.70. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Profile

(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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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