Exxon Mobil Co. (NYSE:XOM) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 153,074 shares of the oil and gas company's stock after selling 6,703 shares during the quarter. Exxon Mobil comprises 1.9% of Bath Savings Trust Co's holdings, making the stock its 18th largest position. Bath Savings Trust Co's holdings in Exxon Mobil were worth $18,205,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $32,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $36,000. Finally, Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Scotiabank reduced their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.61 on Friday, hitting $102.08. The company's stock had a trading volume of 28,636,718 shares, compared to its average volume of 15,602,441. The company has a 50-day simple moving average of $106.95 and a 200 day simple moving average of $109.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $439.93 billion, a PE ratio of 13.02, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the business earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.88%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.