Cambridge Trust Co. grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 502,972 shares of the oil and gas company’s stock after acquiring an additional 7,044 shares during the period. Exxon Mobil accounts for approximately 2.5% of Cambridge Trust Co.’s investment portfolio, making the stock its 4th biggest holding. Cambridge Trust Co.’s holdings in Exxon Mobil were worth $55,478,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. CTC Capital Management LLC acquired a new stake in Exxon Mobil during the 3rd quarter worth about $1,807,000. WMG Financial Advisors LLC grew its stake in shares of Exxon Mobil by 0.9% in the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after buying an additional 108 shares during the period. Polaris Wealth Advisory Group LLC grew its stake in shares of Exxon Mobil by 3,880.2% in the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after buying an additional 200,102 shares during the period. Newman Dignan & Sheerar Inc. grew its stake in shares of Exxon Mobil by 0.8% in the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 19,236 shares of the oil and gas company’s stock valued at $1,680,000 after buying an additional 147 shares during the period. Finally, FSM Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $2,870,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on XOM. Piper Sandler reduced their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. HSBC raised their price target on shares of Exxon Mobil to $111.00 in a research report on Friday, December 2nd. StockNews.com assumed coverage on shares of Exxon Mobil in a research report on Thursday. They issued a “hold” rating on the stock. Barclays raised their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $120.00 to $135.00 in a research report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
Exxon Mobil Stock Down 1.2 %
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The business had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. Exxon Mobil’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. On average, analysts predict that Exxon Mobil Co. will post 10.08 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.
In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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