First Bancorp Inc ME Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

First Bancorp Inc ME cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 20,202 shares of the oil and gas company’s stock after selling 234 shares during the quarter. Exxon Mobil makes up about 1.8% of First Bancorp Inc ME’s holdings, making the stock its 11th largest holding. First Bancorp Inc ME’s holdings in Exxon Mobil were worth $2,348,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $46,000. Vima LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $80,000. Neo Ivy Capital Management acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $80,000. Finally, Orion Capital Management LLC acquired a new stake in Exxon Mobil in the third quarter valued at approximately $91,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.0 %

NYSE:XOM traded up $0.04 during trading hours on Wednesday, reaching $114.41. 12,785,145 shares of the stock were exchanged, compared to its average volume of 18,272,441. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $115.50 and a two-hundred day moving average of $109.39. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a market capitalization of $451.12 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 4.11 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.83 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

Several analysts have commented on XOM shares. Mizuho raised their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. HSBC raised their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Piper Sandler increased their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Finally, Scotiabank upped their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.82.

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.