Bank of New Hampshire Sells 1,698 Shares of Exxon Mobil Co. (NYSE:XOM)

Bank of New Hampshire reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,253 shares of the oil and gas company’s stock after selling 1,698 shares during the period. Exxon Mobil makes up approximately 1.0% of Bank of New Hampshire’s holdings, making the stock its 27th largest holding. Bank of New Hampshire’s holdings in Exxon Mobil were worth $3,792,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth approximately $35,000. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the second quarter worth $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at $54,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock traded up $0.83 on Tuesday, hitting $108.57. The company’s stock had a trading volume of 1,072,044 shares, compared to its average volume of 10,749,142. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock’s 50 day moving average is $114.23 and its 200-day moving average is $115.83. The company has a market capitalization of $477.18 billion, a PE ratio of 13.52, a PEG ratio of 4.65 and a beta of 0.91.

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, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.

Analysts Set New Price Targets

A number of research analysts have issued reports on XOM shares. Truist Financial decreased their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Mizuho reduced their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.74.

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.