Enterprise Bank & Trust Co Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Enterprise Bank & Trust Co cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 18.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,174 shares of the oil and gas company’s stock after selling 936 shares during the period. Enterprise Bank & Trust Co’s holdings in Exxon Mobil were worth $485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at approximately $46,000. Vima LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at approximately $50,000. Keener Financial Planning LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at approximately $80,000. Neo Ivy Capital Management purchased a new stake in Exxon Mobil during the 4th quarter valued at approximately $80,000. Finally, Orion Capital Management LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at approximately $91,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Truist Financial reiterated a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. UBS Group boosted their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.71.

Exxon Mobil Price Performance

XOM stock opened at $110.87 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock’s 50 day moving average price is $115.70 and its 200 day moving average price is $109.04. The firm has a market cap of $437.16 billion, a P/E ratio of 13.59, a PEG ratio of 3.98 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the company posted $2.83 EPS. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

About Exxon Mobil

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.