Rockland Trust Co. Acquires 13,992 Shares of Exxon Mobil Corporation $XOM

Rockland Trust Co. increased its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,028 shares of the oil and gas company’s stock after acquiring an additional 13,992 shares during the period. Exxon Mobil comprises about 1.4% of Rockland Trust Co.’s holdings, making the stock its 19th largest holding. Rockland Trust Co.’s holdings in Exxon Mobil were worth $33,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Exxon Mobil during the 2nd quarter valued at about $6,163,719,000. First Trust Advisors LP boosted its position in shares of Exxon Mobil by 150.2% during the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after purchasing an additional 4,563,707 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after buying an additional 4,015,099 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after acquiring an additional 3,066,736 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Exxon Mobil by 119.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after purchasing an additional 1,454,308 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE XOM opened at $151.22 on Tuesday. The business’s fifty day moving average is $126.47 and its 200 day moving average is $117.70. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $151.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The company has a market capitalization of $637.72 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 15.49 and a beta of 0.39.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter last year, the company earned $1.67 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. Exxon Mobil’s payout ratio is currently 61.58%.

Trending Headlines about Exxon Mobil

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Analyst Ratings Changes

Several research firms have recently issued reports on XOM. Bank of America lifted their price target on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. TD Cowen boosted their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. BMO Capital Markets reiterated a “market perform” rating and set a $155.00 price objective on shares of Exxon Mobil in a research report on Wednesday, February 4th. Finally, Citigroup raised their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus target price of $140.59.

Check Out Our Latest Report on Exxon Mobil

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares of the company’s stock, valued at $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 14,230 shares of company stock valued at $1,888,421 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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