First Bancorp Inc ME Acquires 1,159 Shares of Exxon Mobil Corporation $XOM

First Bancorp Inc ME raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 21,251 shares of the oil and gas company’s stock after acquiring an additional 1,159 shares during the period. Exxon Mobil makes up 1.3% of First Bancorp Inc ME’s holdings, making the stock its 16th largest position. First Bancorp Inc ME’s holdings in Exxon Mobil were worth $2,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC raised its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $38,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. UBS Group upped their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Finally, Bank of America upped their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.68 on Tuesday. The firm has a market cap of $480.38 billion, a PE ratio of 16.01, a PEG ratio of 2.01 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The company has a fifty day moving average price of $111.97 and a 200 day moving average price of $109.22.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

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.