Exxon Mobil Co. (NYSE:XOM) Shares Sold by First Bancorp Inc ME

First Bancorp Inc ME decreased its position in Exxon Mobil Co. (NYSE:XOM) by 3.8% during the 4th quarter, Holdings Channel reports. The fund owned 20,067 shares of the oil and gas company’s stock after selling 791 shares during the quarter. Exxon Mobil makes up 1.5% of First Bancorp Inc ME’s portfolio, making the stock its 15th biggest holding. First Bancorp Inc ME’s holdings in Exxon Mobil were worth $2,159,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $46,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter valued at $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the third quarter valued at $51,000. Highline Wealth Partners LLC purchased a new stake in Exxon Mobil during the 3rd quarter worth about $54,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $63,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XOM. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Up 1.4 %

Shares of Exxon Mobil stock opened at $110.16 on Tuesday. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The company has a market cap of $484.16 billion, a P/E ratio of 13.72, a PEG ratio of 2.86 and a beta of 0.91. 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 firm has a fifty day moving average of $111.56 and a two-hundred day moving average of $115.44.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is an increase 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 3.59%. Exxon Mobil’s payout ratio is 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.