Tompkins Financial Corp Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Tompkins Financial Corp raised its position in Exxon Mobil Co. (NYSE:XOM) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,820 shares of the oil and gas company’s stock after acquiring an additional 12,417 shares during the quarter. Exxon Mobil makes up 1.7% of Tompkins Financial Corp’s investment portfolio, making the stock its 14th largest position. Tompkins Financial Corp’s holdings in Exxon Mobil were worth $18,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of XOM. Eagle Capital Management LLC raised its stake in Exxon Mobil by 4.9% in the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after buying an additional 114 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $860,000. Retirement Investment Advisors Inc. bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $4,093,000. Benjamin F. Edwards & Company Inc. grew its stake in Exxon Mobil by 5.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 453,836 shares of the oil and gas company’s stock worth $52,245,000 after purchasing an additional 23,611 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its holdings in Exxon Mobil by 9.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 623,264 shares of the oil and gas company’s stock worth $71,750,000 after purchasing an additional 53,046 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Price Performance

XOM opened at $112.37 on Friday. The company’s 50-day simple moving average is $112.56 and its two-hundred day simple moving average is $115.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Exxon Mobil Company 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.