Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Rockland Trust Co.

Rockland Trust Co. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 273,275 shares of the oil and gas company’s stock after acquiring an additional 7,619 shares during the period. Exxon Mobil comprises approximately 1.5% of Rockland Trust Co.’s investment portfolio, making the stock its 21st largest position. Rockland Trust Co.’s holdings in Exxon Mobil were worth $29,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth approximately $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil during the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new position in Exxon Mobil during the 2nd quarter worth $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter worth about $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XOM shares. Piper Sandler decreased their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Performance

XOM stock opened at $111.44 on Thursday. The company has a market capitalization of $489.79 billion, a P/E ratio of 13.88, a PEG ratio of 4.65 and a beta of 0.91. 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 50-day simple moving average of $113.12 and a 200 day simple moving average of $115.58. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the firm posted $2.27 earnings per share. The business’s revenue was down .8% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.55%. Exxon Mobil’s payout ratio is 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.