Peoples Financial Services CORP. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,337 shares of the oil and gas company's stock after selling 1,775 shares during the quarter. Exxon Mobil makes up about 2.4% of Peoples Financial Services CORP.'s holdings, making the stock its 8th largest holding. Peoples Financial Services CORP.'s holdings in Exxon Mobil were worth $5,111,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthquest Corp grew its stake in Exxon Mobil by 1.4% during the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company's stock valued at $578,000 after acquiring an additional 89 shares in the last quarter. FourThought Financial LLC boosted its holdings in shares of Exxon Mobil by 0.3% during the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company's stock worth $2,709,000 after purchasing an additional 94 shares during the last quarter. Wilson & Boucher Capital Management LLC grew its position in shares of Exxon Mobil by 1.8% in the third quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company's stock valued at $475,000 after purchasing an additional 95 shares in the last quarter. Blooom Inc. lifted its position in Exxon Mobil by 0.8% during the third quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company's stock worth $1,082,000 after buying an additional 97 shares in the last quarter. Finally, OneAscent Wealth Management LLC lifted its position in Exxon Mobil by 1.5% during the third quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company's stock worth $589,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 57.49% of the company's stock.
Get Exxon Mobil alerts:Wall Street Analysts Forecast Growth
XOM has been the topic of several analyst reports. Cowen lifted their price target on Exxon Mobil from $108.00 to $113.00 and gave the stock a "market perform" rating in a report on Thursday, February 2nd. Barclays increased their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an "overweight" rating in a research note on Tuesday, January 3rd. HSBC raised their price target on shares of Exxon Mobil to $111.00 in a report on Friday, December 2nd. Mizuho raised their target price on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Finally, Bank of America lifted their target price on Exxon Mobil from $136.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $121.64.
Exxon Mobil Price Performance
Exxon Mobil stock opened at $107.04 on Wednesday. The company's 50 day moving average is $111.56 and its two-hundred day moving average is $106.72. The firm has a market cap of $435.76 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.43 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week high of $119.63.
Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. During the same period last year, the business posted $2.05 earnings per share. Exxon Mobil's revenue was up 12.3% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.40%. Exxon Mobil's payout ratio is 27.45%.
Insider Activity at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares of the company's stock, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.
Exxon Mobil Profile
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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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