Kennebec Savings Bank Takes $1.82 Million Position in Exxon Mobil Co. (NYSE:XOM)

Kennebec Savings Bank bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,486 shares of the oil and gas company’s stock, valued at approximately $1,815,000. Exxon Mobil comprises about 1.8% of Kennebec Savings Bank’s holdings, making the stock its 9th largest position.

Several other hedge funds also recently modified their holdings of XOM. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil in the first quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its stake in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC raised its stake in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XOM shares. TD Cowen decreased their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Barclays decreased their price objective 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. Finally, BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Down 0.5 %

Shares of XOM stock opened at $120.47 on Tuesday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The stock has a market cap of $529.48 billion, a P/E ratio of 15.00, a P/E/G ratio of 5.08 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $117.91 and a two-hundred day simple moving average of $116.33.

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

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. Exxon Mobil’s dividend payout ratio is 47.32%.

About Exxon Mobil

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.