Webster Bank N. A. Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Webster Bank N. A. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 49,970 shares of the oil and gas company’s stock after selling 3,214 shares during the quarter. Webster Bank N. A.’s holdings in Exxon Mobil were worth $5,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. FMR LLC raised its stake in Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares during the period. Geode Capital Management LLC grew its holdings in Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after buying an additional 1,622,064 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after buying an additional 4,415,012 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after buying an additional 146,374 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Exxon Mobil by 3.4% during the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock worth $3,422,538,000 after acquiring an additional 949,875 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Up 0.6 %

Shares of NYSE:XOM opened at $108.69 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50 day simple moving average of $111.14 and a two-hundred day simple moving average of $115.38. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The firm has a market capitalization of $477.69 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 EPS. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.64%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.