Essex Savings Bank Has $21.03 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Essex Savings Bank grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 179,444 shares of the oil and gas company’s stock after buying an additional 374 shares during the period. Exxon Mobil makes up 5.2% of Essex Savings Bank’s investment portfolio, making the stock its 2nd largest holding. Essex Savings Bank’s holdings in Exxon Mobil were worth $21,034,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Etfidea LLC boosted its stake in shares of Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC lifted its holdings in Exxon Mobil by 0.6% during the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after acquiring an additional 86 shares during the period. Integral Investment Advisors Inc. boosted its position in Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after purchasing an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC increased its position in shares of Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.0 %

Shares of XOM stock opened at $121.11 on Monday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The business’s fifty day moving average is $117.91 and its 200 day moving average is $116.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market capitalization of $532.29 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during 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%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is presently 47.32%.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Barclays reduced their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, TD Cowen cut their price target on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.95.

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.