Exxon Mobil Co. (NYSE:XOM) Position Lowered by Adirondack Trust Co.

Adirondack Trust Co. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,814 shares of the oil and gas company’s stock after selling 395 shares during the quarter. Exxon Mobil comprises about 1.0% of Adirondack Trust Co.’s investment portfolio, making the stock its 24th largest position. Adirondack Trust Co.’s holdings in Exxon Mobil were worth $2,669,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. D.B. Root & Company LLC grew its position in Exxon Mobil by 1.0% in the 4th quarter. D.B. Root & Company LLC now owns 15,118 shares of the oil and gas company’s stock worth $1,626,000 after purchasing an additional 143 shares during the last quarter. Asset Planning Services Inc. LA ADV increased its position in Exxon Mobil by 0.9% in the 4th quarter. Asset Planning Services Inc. LA ADV now owns 50,580 shares of the oil and gas company’s stock valued at $5,441,000 after acquiring an additional 450 shares during the period. Echo45 Advisors LLC raised its stake in Exxon Mobil by 9.4% during the 4th quarter. Echo45 Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 170 shares in the last quarter. True North Advisors LLC raised its stake in shares of Exxon Mobil by 32.4% during the fourth quarter. True North Advisors LLC now owns 51,135 shares of the oil and gas company’s stock valued at $5,501,000 after purchasing an additional 12,504 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Exxon Mobil by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,494,482 shares of the oil and gas company’s stock valued at $160,762,000 after acquiring an additional 61,701 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 1.4 %

XOM stock opened at $108.64 on Friday. 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 stock has a market capitalization of $477.48 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91. The business has a fifty day moving average price of $111.56 and a 200 day moving average price of $115.38. Exxon Mobil Co. has a fifty-two week low of $99.61 and a fifty-two week 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, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.77 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 given a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on XOM shares. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $128.84.

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.