Exxon Mobil Corporation $XOM is Plimoth Trust Co. LLC’s 10th Largest Position

Plimoth Trust Co. LLC raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 61,148 shares of the oil and gas company’s stock after purchasing an additional 730 shares during the period. Exxon Mobil accounts for approximately 1.6% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 10th largest holding. Plimoth Trust Co. LLC’s holdings in Exxon Mobil were worth $6,592,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Axis Wealth Partners LLC increased its holdings in Exxon Mobil by 1.8% during the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after acquiring an additional 90 shares in the last quarter. Park Edge Advisors LLC increased its holdings in Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after acquiring an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. increased its holdings in Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 91 shares in the last quarter. Chapin Davis Inc. increased its holdings in Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 93 shares in the last quarter. Finally, Gagnon Securities LLC boosted its stake in shares of Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock worth $860,000 after purchasing an additional 95 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $114.19 on Wednesday. The company’s 50 day simple moving average is $111.23 and its 200 day simple moving average is $109.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $124.26. The stock has a market capitalization of $486.82 billion, a PE ratio of 16.22, a P/E/G ratio of 2.08 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period last year, the company earned $2.14 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Saturday, September 27th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average price target of $124.75.

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.