Norway Savings Bank Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

Norway Savings Bank lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,594 shares of the oil and gas company’s stock after selling 388 shares during the period. Exxon Mobil makes up approximately 1.7% of Norway Savings Bank’s portfolio, making the stock its 19th biggest holding. Norway Savings Bank’s holdings in Exxon Mobil were worth $3,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fairway Wealth LLC bought a new position in Exxon Mobil during the second quarter valued at $35,000. Fairscale Capital LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil in the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Morgan Stanley dropped their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. 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 research note on Friday, October 4th. Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Trading Up 0.9 %

Shares of XOM stock traded up $1.01 during mid-day trading on Tuesday, reaching $108.75. The stock had a trading volume of 7,253,813 shares, compared to its average volume of 12,341,527. The firm has a market capitalization of $477.97 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The stock’s 50-day moving average price is $114.23 and its two-hundred day moving average price is $115.83. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (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 company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 EPS. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.64%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.