WASHINGTON TRUST Co Has $4.17 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

WASHINGTON TRUST Co boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,698 shares of the oil and gas company’s stock after purchasing an additional 555 shares during the quarter. WASHINGTON TRUST Co’s holdings in Exxon Mobil were worth $4,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Exxon Mobil by 83.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after buying an additional 575,649 shares during the last quarter. Qsemble Capital Management LP grew its stake in Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after acquiring an additional 1,200 shares during the period. Meyer Handelman Co. raised its holdings in Exxon Mobil by 5.9% during the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock worth $45,971,000 after buying an additional 21,895 shares during the last quarter. Flputnam Investment Management Co. raised its holdings in shares of Exxon Mobil by 36.0% in the 3rd quarter. Flputnam Investment Management Co. now owns 87,395 shares of the oil and gas company’s stock worth $10,276,000 after acquiring an additional 23,148 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Exxon Mobil by 41.3% in the third quarter. HB Wealth Management LLC now owns 160,807 shares of the oil and gas company’s stock worth $18,908,000 after purchasing an additional 46,987 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Mizuho upped their price objective on Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. UBS Group dropped their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, December 8th. Finally, Piper Sandler dropped their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $1.10 during trading on Thursday, hitting $116.07. The stock had a trading volume of 7,826,684 shares, compared to its average volume of 18,305,682. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70. The firm has a market cap of $460.55 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 4.17 and a beta of 0.96. The business’s 50-day moving average is $104.98 and its 200 day moving average is $105.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.40 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.