Bar Harbor Wealth Management Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Bar Harbor Wealth Management increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 234,663 shares of the oil and gas company’s stock after buying an additional 1,098 shares during the period. Exxon Mobil accounts for 1.7% of Bar Harbor Wealth Management’s investment portfolio, making the stock its 12th biggest position. Bar Harbor Wealth Management’s holdings in Exxon Mobil were worth $25,243,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at $35,000. Fairscale Capital LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Trading Up 2.6 %

Shares of XOM stock opened at $109.27 on Tuesday. The business has a 50-day moving average of $113.31 and a 200 day moving average of $115.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market capitalization of $480.25 billion, a PE ratio of 13.61, a P/E/G ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $2.27 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.

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.