Fidelity D & D Bancorp Inc. Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Fidelity D & D Bancorp Inc. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,574 shares of the oil and gas company’s stock after selling 285 shares during the period. Exxon Mobil makes up about 1.0% of Fidelity D & D Bancorp Inc.’s holdings, making the stock its 24th largest holding. Fidelity D & D Bancorp Inc.’s holdings in Exxon Mobil were worth $1,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Eagle Capital Management LLC raised its position 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 purchasing an additional 114 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Exxon Mobil by 4.6% in the second quarter. Wedge Capital Management L L P NC now owns 6,951 shares of the oil and gas company’s stock valued at $800,000 after buying an additional 306 shares in the last quarter. Montecito Bank & Trust raised its holdings in shares of Exxon Mobil by 1.6% in the 2nd quarter. Montecito Bank & Trust now owns 31,298 shares of the oil and gas company’s stock valued at $3,603,000 after buying an additional 487 shares during the period. Mattern Wealth Management LLC lifted its stake in Exxon Mobil by 7.0% during the 2nd quarter. Mattern Wealth Management LLC now owns 27,117 shares of the oil and gas company’s stock worth $3,122,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Brown Lisle Cummings Inc. boosted its holdings in Exxon Mobil by 1.2% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 23,529 shares of the oil and gas company’s stock valued at $2,709,000 after acquiring an additional 273 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $1.09 during trading hours on Friday, hitting $110.73. The stock had a trading volume of 814,339 shares, compared to its average volume of 16,245,294. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $486.67 billion, a PE ratio of 13.93, a PEG ratio of 4.70 and a beta of 0.89. The stock’s 50 day moving average is $119.13 and its 200 day moving average is $116.40. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Analysts Set New Price Targets

A number of analysts have issued reports on XOM shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.84.

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.