Greenfield Savings Bank Has $1.87 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Greenfield Savings Bank raised its position in Exxon Mobil Co. (NYSE:XOM) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,457 shares of the oil and gas company’s stock after buying an additional 746 shares during the period. Exxon Mobil accounts for about 1.3% of Greenfield Savings Bank’s investment portfolio, making the stock its 21st biggest position. Greenfield Savings Bank’s holdings in Exxon Mobil were worth $1,872,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Your Advocates Ltd. LLP grew its stake in shares of Exxon Mobil by 0.7% in the 1st quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company’s stock worth $1,335,000 after acquiring an additional 86 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its stake in shares of Exxon Mobil by 0.8% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock worth $1,237,000 after acquiring an additional 87 shares in the last quarter. Acorn Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 3.8% in the 4th quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock worth $274,000 after acquiring an additional 91 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Exxon Mobil by 1.4% in the 1st quarter. Revolve Wealth Partners LLC now owns 6,555 shares of the oil and gas company’s stock worth $719,000 after acquiring an additional 92 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Exxon Mobil by 1.2% in the 1st quarter. Rosenberg Matthew Hamilton now owns 8,259 shares of the oil and gas company’s stock worth $906,000 after acquiring an additional 95 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.5 %

XOM stock opened at $116.72 on Friday. The company has a market capitalization of $467.25 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a one year low of $83.89 and a one year high of $119.92. The company’s 50 day moving average price is $108.38 and its two-hundred day moving average price is $108.47. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company’s revenue was down 28.3% compared to the same quarter last year. During the same period last year, the business posted $4.14 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s payout ratio is 29.12%.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Exxon Mobil from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Wolfe Research downgraded shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. UBS Group boosted their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Piper Sandler cut their price target on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Finally, Morgan Stanley boosted their price target on shares of Exxon Mobil from $121.00 to $124.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $123.43.

Insider Buying and Selling

In other news, Director Jeffrey W. Ubben bought 458,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the purchase, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the stock in a transaction dated Monday, July 31st. The stock was bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now owns 1,635,000 shares in the company, valued at $174,830,550. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

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.