Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,576 shares of the oil and gas company’s stock after purchasing an additional 3,716 shares during the period. Exxon Mobil makes up about 2.3% of Canandaigua National Bank & Trust Co.’s holdings, making the stock its 8th biggest position. Canandaigua National Bank & Trust Co.’s holdings in Exxon Mobil were worth $23,727,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Eagle Capital Management LLC grew its stake in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 114 shares during the last quarter. Stablepoint Partners LLC increased its position in Exxon Mobil by 73.0% during the second quarter. Stablepoint Partners LLC now owns 25,242 shares of the oil and gas company’s stock worth $2,931,000 after buying an additional 10,655 shares in the last quarter. Vance Wealth Inc. raised its holdings in shares of Exxon Mobil by 79.5% in the second quarter. Vance Wealth Inc. now owns 6,419 shares of the oil and gas company’s stock worth $739,000 after acquiring an additional 2,842 shares during the last quarter. Cora Capital Advisors LLC boosted its stake in shares of Exxon Mobil by 1.5% during the second quarter. Cora Capital Advisors LLC now owns 8,823 shares of the oil and gas company’s stock valued at $1,016,000 after acquiring an additional 131 shares during the last quarter. Finally, Commons Capital LLC increased its position in Exxon Mobil by 2.5% during the 2nd quarter. Commons Capital LLC now owns 5,487 shares of the oil and gas company’s stock worth $632,000 after purchasing an additional 135 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XOM. The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Wolfe Research increased their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Stock Down 0.3 %

XOM traded down $0.28 on Monday, reaching $107.58. The company’s stock had a trading volume of 14,912,321 shares, compared to its average volume of 12,557,385. The stock has a market cap of $472.82 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The business’s 50 day moving average is $114.46 and its 200 day moving average is $115.86.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS 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 company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm earned $2.27 EPS. The business’s revenue was down .8% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders 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 dividend yield of 3.68%. Exxon Mobil’s payout ratio is 49.32%.

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.