ST Germain D J Co. Inc. Acquires 38,235 Shares of Exxon Mobil Co. (NYSE:XOM)

ST Germain D J Co. Inc. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 23.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 203,211 shares of the oil and gas company’s stock after buying an additional 38,235 shares during the quarter. Exxon Mobil makes up about 1.0% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 23rd largest holding. ST Germain D J Co. Inc.’s holdings in Exxon Mobil were worth $21,859,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in XOM. Massachusetts Financial Services Co. MA lifted its stake in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after acquiring an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new position in Exxon Mobil in the 2nd quarter worth $980,210,000. International Assets Investment Management LLC lifted its position in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after buying an additional 5,235,607 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Piper Sandler decreased their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.71 during mid-day trading on Friday, hitting $106.22. 6,188,365 shares of the company traded hands, compared to its average volume of 13,112,554. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. 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 stock has a 50-day moving average price of $113.66 and a two-hundred day moving average price of $115.69. The stock has a market cap of $466.85 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The company’s revenue was down .8% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.73%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.