Sandy Spring Bank Buys 1,718 Shares of Exxon Mobil Co. (NYSE:XOM)

Sandy Spring Bank raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,531 shares of the oil and gas company’s stock after purchasing an additional 1,718 shares during the period. Sandy Spring Bank’s holdings in Exxon Mobil were worth $11,567,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Royal London Asset Management Ltd. raised its position in Exxon Mobil by 1.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,148,024 shares of the oil and gas company’s stock worth $231,063,000 after purchasing an additional 39,039 shares during the last quarter. Next Capital Management LLC bought a new position in Exxon Mobil during the 4th quarter worth $629,000. L.K. Benson & Company P.C. bought a new position in Exxon Mobil during the 4th quarter worth $341,000. Generali Investments Management Co LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $3,329,000. Finally, GM Advisory Group LLC raised its position in shares of Exxon Mobil by 2.5% in the 4th quarter. GM Advisory Group LLC now owns 39,412 shares of the oil and gas company’s stock worth $4,240,000 after acquiring an additional 952 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

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

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Barclays lowered their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Price Performance

XOM stock opened at $115.40 on Thursday. The company has a market capitalization of $500.75 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. 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 Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The business has a 50-day simple moving average of $109.74 and a two-hundred day simple moving average of $113.59.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company posted $2.48 EPS. Research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil’s payout ratio is presently 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.