Rockland Trust Co. Acquires 9,605 Shares of Exxon Mobil Co. (NYSE:XOM)

Rockland Trust Co. lifted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 282,880 shares of the oil and gas company's stock after buying an additional 9,605 shares during the period. Exxon Mobil makes up approximately 1.7% of Rockland Trust Co.'s investment portfolio, making the stock its 21st biggest position. Rockland Trust Co.'s holdings in Exxon Mobil were worth $33,643,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil in the 4th quarter valued at $48,348,000. SOA Wealth Advisors LLC. raised its holdings in shares of Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock worth $753,000 after buying an additional 1,595 shares in the last quarter. Summit Wealth & Retirement Planning Inc. lifted its position in shares of Exxon Mobil by 7.9% during the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 6,797 shares of the oil and gas company's stock worth $731,000 after buying an additional 500 shares during the last quarter. Finally, Rede Wealth LLC boosted its stake in Exxon Mobil by 0.8% in the fourth quarter. Rede Wealth LLC now owns 20,820 shares of the oil and gas company's stock valued at $2,240,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 2.1%

Shares of XOM traded up $2.33 during mid-day trading on Friday, reaching $112.06. 28,512,903 shares of the company were exchanged, compared to its average volume of 15,687,104. The business has a 50 day simple moving average of $105.28 and a two-hundred day simple moving average of $108.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $482.95 billion, a PE ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on XOM shares. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Scotiabank dropped their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. UBS Group decreased their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average 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.