Essex Savings Bank Has $19.25 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Essex Savings Bank trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 178,976 shares of the oil and gas company’s stock after selling 468 shares during the quarter. Exxon Mobil makes up about 4.8% of Essex Savings Bank’s investment portfolio, making the stock its 3rd largest holding. Essex Savings Bank’s holdings in Exxon Mobil were worth $19,252,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on XOM shares. Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday. Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Down 0.2 %

NYSE XOM opened at $111.32 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm’s fifty day simple moving average is $112.93 and its 200-day simple moving average is $115.55. The company has a market capitalization of $489.27 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.56%. 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. Exxon Mobil’s payout ratio is currently 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.