Ledyard National Bank Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Ledyard National Bank grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,140 shares of the oil and gas company’s stock after acquiring an additional 150 shares during the quarter. Ledyard National Bank’s holdings in Exxon Mobil were worth $4,425,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Leo Wealth LLC boosted its holdings in shares of Exxon Mobil by 4.8% during the 4th quarter. Leo Wealth LLC now owns 42,207 shares of the oil and gas company’s stock valued at $4,540,000 after acquiring an additional 1,932 shares during the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 17.9% in the fourth quarter. 1900 Wealth Management LLC now owns 34,444 shares of the oil and gas company’s stock worth $3,705,000 after buying an additional 5,228 shares during the last quarter. Consolidated Portfolio Review Corp boosted its holdings in shares of Exxon Mobil by 57.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 10,704 shares of the oil and gas company’s stock worth $1,151,000 after buying an additional 3,906 shares during the last quarter. Eagle Ridge Investment Management boosted its holdings in shares of Exxon Mobil by 9.1% in the fourth quarter. Eagle Ridge Investment Management now owns 2,775 shares of the oil and gas company’s stock worth $299,000 after buying an additional 232 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Exxon Mobil by 7.9% in the fourth quarter. GHP Investment Advisors Inc. now owns 64,515 shares of the oil and gas company’s stock worth $6,940,000 after buying an additional 4,708 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XOM. Morgan Stanley raised their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. BMO Capital Markets decreased their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Up 1.9 %

Shares of XOM opened at $110.98 on Tuesday. The company’s fifty day moving average is $109.41 and its 200 day moving average is $114.97. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The stock has a market capitalization of $487.75 billion, a PE ratio of 14.15, a P/E/G ratio of 2.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm posted $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.