Webster Bank N. A. Acquires 227 Shares of Exxon Mobil Co. (NYSE:XOM)

Webster Bank N. A. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,762 shares of the oil and gas company’s stock after purchasing an additional 227 shares during the period. Webster Bank N. A.’s holdings in Exxon Mobil were worth $6,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Partnership Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $46,000. Vima LLC acquired a new position in Exxon Mobil during the fourth quarter worth $50,000. Orion Capital Management LLC bought a new position in Exxon Mobil in the third quarter valued at $91,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $80,000. Finally, Neo Ivy Capital Management bought a new stake in Exxon Mobil during the 4th quarter worth about $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

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

Analysts Set New Price Targets

A number of research firms recently issued reports on XOM. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Mizuho upped their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.12 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market capitalization of $453.92 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 4.14 and a beta of 0.92. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $115.25 and its 200 day simple moving average is $109.65.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share 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 business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the business posted $2.83 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. Exxon Mobil’s payout ratio is currently 46.57%.

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.