Trust Co. of Vermont Acquires 8,832 Shares of Exxon Mobil Co. (NYSE:XOM)

Trust Co. of Vermont boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 114,784 shares of the oil and gas company’s stock after purchasing an additional 8,832 shares during the quarter. Trust Co. of Vermont’s holdings in Exxon Mobil were worth $13,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC lifted its position in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday. They issued a “neutral” rating and a $124.00 price objective for the company. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Sanford C. Bernstein dropped their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Finally, Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Trading Down 0.3 %

XOM stock opened at $120.35 on Friday. The business has a fifty day moving average price of $117.37 and a 200 day moving average price of $116.49. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a market capitalization of $474.54 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $1.94 EPS. Analysts expect that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Exxon Mobil Company 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.