Cape Cod Five Cents Savings Bank Sells 9,010 Shares of Exxon Mobil Co. (NYSE:XOM)

Cape Cod Five Cents Savings Bank decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,770 shares of the oil and gas company’s stock after selling 9,010 shares during the period. Exxon Mobil makes up approximately 1.2% of Cape Cod Five Cents Savings Bank’s investment portfolio, making the stock its 21st biggest position. Cape Cod Five Cents Savings Bank’s holdings in Exxon Mobil were worth $12,522,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XOM. Nomura Asset Management Co. Ltd. grew its position in Exxon Mobil by 7.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,113,715 shares of the oil and gas company’s stock worth $247,770,000 after acquiring an additional 139,067 shares in the last quarter. Raab & Moskowitz Asset Management LLC lifted its stake in shares of Exxon Mobil by 0.7% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 23,325 shares of the oil and gas company’s stock valued at $2,734,000 after purchasing an additional 173 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Exxon Mobil by 2.5% in the 3rd quarter. MML Investors Services LLC now owns 546,211 shares of the oil and gas company’s stock worth $64,027,000 after purchasing an additional 13,414 shares during the period. Montchanin Asset Management LLC bought a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $311,000. Finally, Legacy Investment Solutions LLC bought a new position in Exxon Mobil during the third quarter valued at $307,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on XOM shares. UBS Group cut their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Royal Bank of Canada lowered their target price on shares of Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 26th. The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, TD Cowen increased their price objective on Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Performance

NYSE XOM opened at $113.57 on Monday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a 50-day moving average of $119.77 and a 200 day moving average of $116.47. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $499.15 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 4.77 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The business’s revenue was down .8% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.49%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 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.