Bangor Savings Bank Has $4.78 Million Position in Exxon Mobil Co. (NYSE:XOM)

Bangor Savings Bank grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 74.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,423 shares of the oil and gas company’s stock after buying an additional 18,900 shares during the quarter. Exxon Mobil makes up 0.4% of Bangor Savings Bank’s portfolio, making the stock its 26th largest position. Bangor Savings Bank’s holdings in Exxon Mobil were worth $4,779,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in XOM. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the second quarter worth about $35,000. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the 3rd quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil in the 3rd quarter valued at $54,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Mizuho dropped their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Stock Down 0.3 %

XOM stock opened at $107.58 on Tuesday. The stock has a market capitalization of $472.82 billion, a P/E ratio of 13.40, a P/E/G ratio of 4.65 and a beta of 0.91. The business has a 50-day moving average of $114.23 and a 200-day moving average of $115.83. 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 fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $2.27 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.68%. Exxon Mobil’s payout ratio is 49.32%.

About Exxon Mobil

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.