Trust Co. of Vermont Boosts Stake in Exxon Mobil Corporation $XOM

Trust Co. of Vermont raised its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,861 shares of the oil and gas company’s stock after purchasing an additional 15,803 shares during the quarter. Trust Co. of Vermont’s holdings in Exxon Mobil were worth $14,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cultivar Capital Inc. grew its stake in shares of Exxon Mobil by 1.4% in the third quarter. Cultivar Capital Inc. now owns 11,186 shares of the oil and gas company’s stock valued at $1,261,000 after buying an additional 150 shares in the last quarter. Farther Finance Advisors LLC grew its position in Exxon Mobil by 26.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 135,513 shares of the oil and gas company’s stock valued at $15,279,000 after acquiring an additional 28,090 shares in the last quarter. Parcion Private Wealth LLC increased its stake in Exxon Mobil by 24.7% during the third quarter. Parcion Private Wealth LLC now owns 9,581 shares of the oil and gas company’s stock worth $1,080,000 after purchasing an additional 1,898 shares during the period. Cranbrook Wealth Management LLC lifted its position in shares of Exxon Mobil by 23.9% during the third quarter. Cranbrook Wealth Management LLC now owns 3,317 shares of the oil and gas company’s stock worth $374,000 after purchasing an additional 639 shares in the last quarter. Finally, CJM Wealth Advisers Ltd. boosted its stake in shares of Exxon Mobil by 4.1% in the third quarter. CJM Wealth Advisers Ltd. now owns 48,218 shares of the oil and gas company’s stock valued at $5,437,000 after purchasing an additional 1,879 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XOM shares. BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Mizuho boosted their target price on Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Piper Sandler lifted their price objective on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Finally, Barclays cut their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.45.

Get Our Latest Stock Analysis on XOM

Exxon Mobil Trading Down 0.0%

XOM opened at $119.39 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81. The company has a market cap of $503.49 billion, a P/E ratio of 17.35, a PEG ratio of 7.51 and a beta of 0.38. The business’s 50-day simple moving average is $116.34 and its 200-day simple moving average is $113.04.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $57.55 billion during the quarter. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $1.03 per share. The ex-dividend date was Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares in the company, valued at $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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