Exxon Mobil Co. (NYSE:XOM) Holdings Raised by Tompkins Financial Corp

Tompkins Financial Corp increased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,632 shares of the oil and gas company's stock after buying an additional 4,812 shares during the period. Exxon Mobil accounts for about 2.0% of Tompkins Financial Corp's investment portfolio, making the stock its 11th biggest position. Tompkins Financial Corp's holdings in Exxon Mobil were worth $20,650,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new position in shares of Exxon Mobil in the 4th quarter worth $789,000. Blue Trust Inc. lifted its holdings in shares of Exxon Mobil by 17.5% in the 4th quarter. Blue Trust Inc. now owns 143,807 shares of the oil and gas company's stock valued at $16,857,000 after acquiring an additional 21,391 shares during the last quarter. Capital Asset Advisory Services LLC grew its position in Exxon Mobil by 3.7% in the fourth quarter. Capital Asset Advisory Services LLC now owns 61,159 shares of the oil and gas company's stock worth $6,597,000 after acquiring an additional 2,175 shares in the last quarter. Apexium Financial LP increased its stake in Exxon Mobil by 19.1% during the fourth quarter. Apexium Financial LP now owns 11,482 shares of the oil and gas company's stock worth $1,235,000 after acquiring an additional 1,842 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $48,348,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Performance

NYSE XOM traded down $0.61 during trading hours on Friday, hitting $102.08. 28,636,718 shares of the stock were exchanged, compared to its average volume of 15,602,445. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a 50-day moving average of $106.95 and a 200 day moving average of $109.78. The company has a market cap of $439.93 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm 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 9.63% and a return on equity of 12.92%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.06 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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 3.88%. Exxon Mobil's dividend payout ratio is currently 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.