Exxon Mobil Co. (NYSE:XOM) Shares Purchased by WASHINGTON TRUST Co

WASHINGTON TRUST Co increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,698 shares of the oil and gas company’s stock after acquiring an additional 555 shares during the period. WASHINGTON TRUST Co’s holdings in Exxon Mobil were worth $4,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LaFleur & Godfrey LLC raised its holdings in shares of Exxon Mobil by 29.1% during the fourth quarter. LaFleur & Godfrey LLC now owns 94,796 shares of the oil and gas company’s stock valued at $9,478,000 after acquiring an additional 21,355 shares during the last quarter. Deane Retirement Strategies Inc. raised its stake in Exxon Mobil by 5.3% in the 4th quarter. Deane Retirement Strategies Inc. now owns 38,010 shares of the oil and gas company’s stock valued at $3,800,000 after purchasing an additional 1,902 shares during the last quarter. Procyon Advisors LLC lifted its holdings in Exxon Mobil by 123.2% in the 4th quarter. Procyon Advisors LLC now owns 41,952 shares of the oil and gas company’s stock valued at $4,194,000 after purchasing an additional 23,160 shares in the last quarter. Next Level Private LLC boosted its stake in Exxon Mobil by 0.4% during the 4th quarter. Next Level Private LLC now owns 43,923 shares of the oil and gas company’s stock worth $4,391,000 after purchasing an additional 167 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $223,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. Mizuho increased their price objective on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Finally, UBS Group dropped their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $128.18.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM traded up $1.10 during trading hours on Thursday, hitting $116.07. The company’s stock had a trading volume of 7,826,684 shares, compared to its average volume of 18,305,682. The company has a market capitalization of $460.55 billion, a PE ratio of 12.99, a PEG ratio of 4.17 and a beta of 0.96. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $120.70. The business’s 50-day moving average is $104.98 and its two-hundred day moving average is $105.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.40 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

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.