Bath Savings Trust Co Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Bath Savings Trust Co cut its position in Exxon Mobil Co. (NYSE:XOM) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 159,777 shares of the oil and gas company’s stock after selling 3,861 shares during the quarter. Exxon Mobil accounts for about 1.7% of Bath Savings Trust Co’s holdings, making the stock its 18th largest holding. Bath Savings Trust Co’s holdings in Exxon Mobil were worth $17,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter worth about $35,000. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil during the second quarter worth about $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the third quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil in the third quarter valued at approximately $54,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XOM. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Barclays decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Trading Up 1.5 %

Shares of Exxon Mobil stock traded up $1.66 during midday trading on Tuesday, reaching $109.40. 5,634,045 shares of the company’s stock traded hands, compared to its average volume of 11,995,481. The company has a market cap of $480.82 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The stock has a 50 day moving average of $114.23 and a 200-day moving average of $115.83. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month 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.

Exxon Mobil (NYSE:XOM) last posted 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 net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the company posted $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 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.