Plimoth Trust Co. LLC Buys 11,425 Shares of Exxon Mobil Corporation (NYSE:XOM)

Plimoth Trust Co. LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,418 shares of the oil and gas company's stock after purchasing an additional 11,425 shares during the quarter. Exxon Mobil comprises approximately 1.9% of Plimoth Trust Co. LLC's holdings, making the stock its 7th biggest holding. Plimoth Trust Co. LLC's holdings in Exxon Mobil were worth $7,186,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $32,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on XOM shares. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Morgan Stanley reduced 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. Finally, Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Price Performance

XOM opened at $113.20 on Friday. The company has a 50-day moving average of $106.32 and a 200-day moving average of $108.66. The company has a market capitalization of $487.84 billion, a P/E ratio of 15.01, a PEG ratio of 2.26 and a beta of 0.49. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

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.

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