15,486 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Kennebec Savings Bank

Kennebec Savings Bank acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,486 shares of the oil and gas company’s stock, valued at approximately $1,815,000. Exxon Mobil accounts for approximately 1.8% of Kennebec Savings Bank’s portfolio, making the stock its 9th largest holding.

A number of other large investors have also modified their holdings of the company. Etfidea LLC lifted its position in Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC lifted its position in Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after buying an additional 86 shares in the last quarter. Integral Investment Advisors Inc. lifted its position in Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after buying an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after buying an additional 87 shares in the last quarter. Finally, Mascoma Wealth Management LLC lifted its position in Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XOM. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, November 4th. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, TD Cowen dropped their price objective on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Down 0.5 %

XOM opened at $120.47 on Tuesday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock’s fifty day simple moving average is $117.91 and its 200 day simple moving average is $116.33. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $529.48 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping 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 quarter last year, the business earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is 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 3.29%. Exxon Mobil’s dividend payout ratio (DPR) is 47.32%.

Exxon Mobil 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.