Exxon Mobil Co. (NYSE:XOM) Holdings Trimmed by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 54,521 shares of the oil and gas company’s stock after selling 2,470 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Exxon Mobil were worth $5,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rockline Wealth Management LLC grew its position in Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after buying an additional 1,498 shares during the last quarter. Renasant Bank boosted its stake in shares of Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after acquiring an additional 493 shares in the last quarter. Helen Stephens Group LLC grew its holdings in shares of Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after acquiring an additional 2,825 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after purchasing an additional 6,753 shares during the period. Finally, Hilltop Holdings Inc. lifted its holdings in shares of Exxon Mobil by 41.3% during the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock valued at $8,942,000 after purchasing an additional 22,296 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

NYSE XOM opened at $116.61 on Wednesday. The firm has a market cap of $505.99 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The stock’s 50-day moving average is $110.36 and its two-hundred day moving average is $113.61. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the business earned $2.48 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Ratings Changes

Several analysts have issued reports on XOM shares. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Barclays lowered their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.15.

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.