First Bancorp Inc ME Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

First Bancorp Inc ME trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,067 shares of the oil and gas company’s stock after selling 791 shares during the quarter. Exxon Mobil makes up approximately 1.5% of First Bancorp Inc ME’s investment portfolio, making the stock its 15th largest position. First Bancorp Inc ME’s holdings in Exxon Mobil were worth $2,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at approximately $46,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the 3rd quarter valued at $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil during the 3rd quarter worth $54,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil during the third quarter worth $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. TD Cowen lowered their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Price Performance

XOM stock opened at $110.16 on Tuesday. The business’s fifty day moving average price is $111.56 and its 200 day moving average price is $115.44. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34. The company has a market capitalization of $484.16 billion, a PE ratio of 13.72, a P/E/G ratio of 2.86 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

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 (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 business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current 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 paid a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. Exxon Mobil’s payout ratio is 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.