Enterprise Bank & Trust Co Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Enterprise Bank & Trust Co grew its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 60.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,110 shares of the oil and gas company’s stock after purchasing an additional 1,919 shares during the period. Enterprise Bank & Trust Co’s holdings in Exxon Mobil were worth $511,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Axiom Financial Strategies LLC increased its position in shares of Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $275,000. Loomis Sayles & Co. L P grew its position in shares of Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC boosted its stake in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth $237,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other news, VP Leonard M. Fox sold 12,000 shares of Exxon Mobil 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 sale, the vice president now directly owns 220,678 shares of the company’s stock, valued at $22,652,596.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Leonard M. Fox sold 12,000 shares of Exxon Mobil stock in a transaction on Monday, December 18th. The shares were sold at an average price of $102.65, for a total value of $1,231,800.00. Following the completion of the sale, the vice president now owns 220,678 shares in the company, valued at $22,652,596.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho downgraded Exxon Mobil from a “buy” rating to a “neutral” rating and set a $117.00 target price for the company. in a research note on Wednesday, January 3rd. UBS Group reduced their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Tuesday, January 23rd. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $127.53.

View Our Latest Research Report on XOM

Exxon Mobil Trading Down 0.2 %

Shares of NYSE:XOM traded down $0.20 during midday trading on Friday, reaching $111.27. The company’s stock had a trading volume of 38,264,401 shares, compared to its average volume of 19,089,314. The business has a 50 day moving average price of $103.01 and a 200 day moving average price of $105.94. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $120.70. The firm has a market cap of $441.50 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 4.00 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.40 EPS. Research analysts forecast that Exxon Mobil Co. will post 9.12 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

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

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