Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Kennebec Savings Bank

Kennebec Savings Bank boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,604 shares of the oil and gas company’s stock after purchasing an additional 1,105 shares during the quarter. Exxon Mobil makes up about 2.1% of Kennebec Savings Bank’s investment portfolio, making the stock its 8th largest holding. Kennebec Savings Bank’s holdings in Exxon Mobil were worth $1,975,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter worth $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $32,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $36,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $104.29 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $105.42 and its two-hundred day moving average price is $109.11. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market cap of $449.45 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the business earned $2.06 earnings per share. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.80%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $125.50.

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.