Bath Savings Trust Co Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Bath Savings Trust Co cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,074 shares of the oil and gas company's stock after selling 6,703 shares during the period. Exxon Mobil makes up 1.9% of Bath Savings Trust Co's investment portfolio, making the stock its 18th biggest holding. Bath Savings Trust Co's holdings in Exxon Mobil were worth $18,205,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in XOM. Beacon Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.1% in the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after purchasing an additional 93 shares in the last quarter. Altus Wealth Group LLC boosted its position in shares of Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after purchasing an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 94 shares during the period. Field & Main Bank boosted its stake in Exxon Mobil by 0.4% in the 4th quarter. Field & Main Bank now owns 23,495 shares of the oil and gas company's stock worth $2,527,000 after purchasing an additional 95 shares during the period. Finally, WPWealth LLP lifted its position in Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after buying an additional 96 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.6%

XOM stock traded up $0.59 during trading on Monday, hitting $102.89. 7,063,968 shares of the company's stock traded hands, compared to its average volume of 15,515,643. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market capitalization of $443.42 billion, a P/E ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $106.95 and a two-hundred day simple moving average of $109.62.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $86.11 billion. During the same period last year, the business earned $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.85%. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Scotiabank decreased their price target 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. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

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.