Bangor Savings Bank Purchases 503 Shares of Exxon Mobil Co. (NYSE:XOM)

Bangor Savings Bank grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,523 shares of the oil and gas company’s stock after purchasing an additional 503 shares during the period. Bangor Savings Bank’s holdings in Exxon Mobil were worth $2,992,000 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. Ossiam purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $1,579,000. Regal Investment Advisors LLC grew its stake in shares of Exxon Mobil by 9.3% during the fourth quarter. Regal Investment Advisors LLC now owns 20,877 shares of the oil and gas company’s stock valued at $2,087,000 after buying an additional 1,777 shares during the last quarter. Lighthouse Investment Partners LLC increased its holdings in shares of Exxon Mobil by 1,633.6% in the fourth quarter. Lighthouse Investment Partners LLC now owns 54,124 shares of the oil and gas company’s stock worth $5,411,000 after buying an additional 51,002 shares during the period. Angelo Gordon & CO. L.P. lifted its stake in shares of Exxon Mobil by 211.6% in the 4th quarter. Angelo Gordon & CO. L.P. now owns 23,435 shares of the oil and gas company’s stock valued at $2,343,000 after acquiring an additional 44,435 shares during the last quarter. Finally, Symmetry Investments LP purchased a new stake in Exxon Mobil during the 4th quarter valued at about $1,709,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. Mizuho lifted their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Barclays lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Eight analysts have rated the stock with 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, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $134.18.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $125.36 on Tuesday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a market capitalization of $494.30 billion, a P/E ratio of 15.36, a P/E/G ratio of 4.86 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $116.31 and a two-hundred day simple moving average of $116.02.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the firm posted $1.94 earnings per share. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.