First County Bank CT Decreases Position in Exxon Mobil Co. (NYSE:XOM)

by · The Markets Daily

First County Bank CT reduced its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 17.1% during the 4th quarter, Holdings Channel reports. The fund owned 35,281 shares of the oil and gas company’s stock after selling 7,276 shares during the quarter. Exxon Mobil makes up approximately 2.1% of First County Bank CT’s portfolio, making the stock its 9th biggest position. First County Bank CT’s holdings in Exxon Mobil were worth $3,795,000 as of its most recent SEC filing.

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

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $1.01 on Tuesday, hitting $108.75. The stock had a trading volume of 7,253,813 shares, compared to its average volume of 12,341,527. The stock has a market cap of $477.97 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The business’s 50 day moving average is $114.23 and its two-hundred day moving average is $115.83. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued 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 return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the firm posted $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 7.95 EPS 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 given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. BMO Capital Markets upped their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company upped their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $128.74.

Check Out Our Latest Report on XOM

Exxon Mobil Company Profile

(Free Report)

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.

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