Exxon Mobil Co. (NYSE:XOM) Shares Bought by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida lifted its position in Exxon Mobil Co. (NYSE:XOM) by 30.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,444 shares of the oil and gas company’s stock after purchasing an additional 1,499 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in Exxon Mobil were worth $693,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth about $35,000. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at approximately $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the third quarter worth about $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.3 %

NYSE XOM traded down $0.28 on Monday, reaching $107.58. The stock had a trading volume of 14,922,207 shares, compared to its average volume of 12,557,385. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a fifty day moving average price of $114.46 and a two-hundred day moving average price of $115.86. The firm has a market capitalization of $472.82 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 4.65 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.68%. Exxon Mobil’s dividend payout ratio is 49.32%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Morgan Stanley reduced their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. Finally, Truist Financial dropped their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.74.

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.