Bangor Savings Bank Buys 18,900 Shares of Exxon Mobil Co. (NYSE:XOM)

Bangor Savings Bank lifted its position in Exxon Mobil Co. (NYSE:XOM) by 74.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 44,423 shares of the oil and gas company’s stock after acquiring an additional 18,900 shares during the period. Exxon Mobil makes up about 0.4% of Bangor Savings Bank’s investment portfolio, making the stock its 26th largest position. Bangor Savings Bank’s holdings in Exxon Mobil were worth $4,779,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XOM. Eagle Capital Management LLC raised its stake in Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 114 shares during the period. Sterling Investment Advisors Ltd. raised its stake in Exxon Mobil by 483.0% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 39,670 shares of the oil and gas company’s stock valued at $4,567,000 after acquiring an additional 32,866 shares during the period. MCF Advisors LLC lifted its holdings in Exxon Mobil by 7.4% during the 2nd quarter. MCF Advisors LLC now owns 20,746 shares of the oil and gas company’s stock valued at $2,388,000 after purchasing an additional 1,428 shares during the last quarter. BBR Partners LLC boosted its position in Exxon Mobil by 3.6% during the second quarter. BBR Partners LLC now owns 74,210 shares of the oil and gas company’s stock worth $8,543,000 after purchasing an additional 2,553 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of Exxon Mobil by 11.8% in the second quarter. Blue Bell Private Wealth Management LLC now owns 4,282 shares of the oil and gas company’s stock valued at $493,000 after purchasing an additional 453 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Barclays cut 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 note on Thursday, October 3rd. Piper Sandler cut their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $107.58 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a market capitalization of $472.82 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The stock has a fifty day moving average of $114.23 and a 200-day moving average of $115.83.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business 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. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.68%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) 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.