Plimoth Trust Co. LLC Buys 9,702 Shares of Exxon Mobil Co. (NYSE:XOM)

Plimoth Trust Co. LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 32.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 39,172 shares of the oil and gas company’s stock after acquiring an additional 9,702 shares during the quarter. Exxon Mobil comprises about 1.2% of Plimoth Trust Co. LLC’s portfolio, making the stock its 24th biggest holding. Plimoth Trust Co. LLC’s holdings in Exxon Mobil were worth $4,553,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of XOM. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $50,000. Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $91,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $80,000. Finally, Neo Ivy Capital Management acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $80,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Truist Financial reissued a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. HSBC raised their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. TD Cowen upped their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.82.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 0.6 %

Shares of XOM opened at $114.81 on Thursday. The stock’s 50-day moving average price is $115.00 and its two-hundred day moving average price is $109.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market capitalization of $452.70 billion, a PE ratio of 14.07, a PEG ratio of 4.10 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.83 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.