Exxon Mobil Co. (NYSE:XOM) Shares Bought by Farmers & Merchants Trust Co of Chambersburg PA

Posted by Defense World Staff on Apr 2nd, 2023

Farmers & Merchants Trust Co of Chambersburg PA increased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,866 shares of the oil and gas company’s stock after purchasing an additional 120 shares during the quarter. Exxon Mobil accounts for 1.5% of Farmers & Merchants Trust Co of Chambersburg PA’s portfolio, making the stock its 22nd largest position. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Exxon Mobil were worth $2,191,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Karp Capital Management Corp acquired a new stake in Exxon Mobil during the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC grew its holdings in Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $38,000. Mine & Arao Wealth Creation & Management LLC. grew its holdings in Exxon Mobil by 61.7% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Horizons Wealth Management acquired a new position in Exxon Mobil during the 2nd quarter worth $41,000. 57.49% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM opened at $109.66 on Friday. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month high of $119.63. The stock has a market cap of $446.42 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.47 and a beta of 1.09. The business’s 50 day moving average is $110.63 and its 200-day moving average is $107.26. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 9.95 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.32%. Exxon Mobil’s dividend payout ratio is presently 27.45%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. Cowen raised their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a report on Thursday, February 2nd. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. StockNews.com initiated coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They set a “hold” rating for the company. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. Finally, Argus raised their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $121.64.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.