Mascoma Wealth Management LLC Sells 174 Shares of Exxon Mobil Co. (NYSE:XOM)

Mascoma Wealth Management LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,169 shares of the oil and gas company’s stock after selling 174 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Exxon Mobil were worth $137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. WFA Asset Management Corp raised its holdings in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in shares of Exxon Mobil during the first quarter worth $933,000. Empowered Funds LLC boosted its position in Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after buying an additional 49,083 shares during the period. Hudson Value Partners LLC grew its stake in Exxon Mobil by 6.5% in the first quarter. Hudson Value Partners LLC now owns 6,595 shares of the oil and gas company’s stock worth $767,000 after purchasing an additional 400 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its position in shares of Exxon Mobil by 1.9% during the 1st quarter. Eagle Bay Advisors LLC now owns 19,552 shares of the oil and gas company’s stock worth $2,273,000 after buying an additional 361 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOM. UBS Group lowered their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Morgan Stanley lowered their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, BMO Capital Markets upped their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $121.50 on Thursday. 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 business has a fifty day moving average of $118.06 and a 200 day moving average of $116.34. The firm has a market capitalization of $534.00 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 5.05 and a beta of 0.90. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.26%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 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.