Exxon Mobil Co. (NYSE:XOM) is Peoples Financial Services CORP.’s 10th Largest Position

Peoples Financial Services CORP. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,650 shares of the oil and gas company’s stock after selling 4,871 shares during the quarter. Exxon Mobil comprises 1.9% of Peoples Financial Services CORP.’s investment portfolio, making the stock its 10th biggest position. Peoples Financial Services CORP.’s holdings in Exxon Mobil were worth $4,296,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of XOM. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC grew its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.88.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $120.67 on Thursday. The business has a 50-day simple moving average of $117.32 and a 200-day simple moving average of $116.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a market cap of $475.80 billion, a PE ratio of 14.79, a P/E/G ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the business posted $1.94 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.