Ledyard National Bank Has $2.98 Million Position in Exxon Mobil Co. (NYSE:XOM)

Ledyard National Bank grew its stake in Exxon Mobil Co. (NYSE:XOM) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 29,830 shares of the oil and gas company’s stock after buying an additional 1,028 shares during the quarter. Ledyard National Bank’s holdings in Exxon Mobil were worth $2,982,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XOM. Money Concepts Capital Corp raised its stake in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after acquiring an additional 95 shares during the period. Defined Wealth Management LLC raised its stake in Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after acquiring an additional 96 shares during the period. Crown Wealth Group LLC raised its stake in Exxon Mobil by 2.4% in the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock valued at $488,000 after acquiring an additional 97 shares during the period. Auxier Asset Management raised its stake in Exxon Mobil by 0.8% in the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after acquiring an additional 97 shares during the period. Finally, Pennsylvania Capital Management Inc. ADV raised its stake in Exxon Mobil by 2.0% in the 3rd quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock valued at $580,000 after acquiring an additional 98 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.4 %

Shares of Exxon Mobil stock traded down $0.51 on Tuesday, hitting $119.13. The stock had a trading volume of 6,159,626 shares, compared to its average volume of 18,047,021. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The stock has a market cap of $471.55 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 4.05 and a beta of 0.96. The stock’s 50-day simple moving average is $113.65 and its two-hundred day simple moving average is $106.73.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.83 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XOM. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday. UBS Group boosted their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.56.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

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.