Rockland Trust Co. Has $31.14 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Rockland Trust Co. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,656 shares of the oil and gas company’s stock after selling 1,158 shares during the quarter. Exxon Mobil makes up approximately 1.5% of Rockland Trust Co.’s holdings, making the stock its 20th largest holding. Rockland Trust Co.’s holdings in Exxon Mobil were worth $31,140,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. Barclays dropped their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday. Sanford C. Bernstein lowered their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.44.

Exxon Mobil Trading Up 0.9 %

Exxon Mobil stock opened at $122.57 on Friday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a market cap of $483.29 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 4.86 and a beta of 0.90. The firm has a 50-day moving average of $116.16 and a 200-day moving average of $115.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.10%. Exxon Mobil’s dividend 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.