Baltimore Washington Financial Advisors Inc. decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,194 shares of the oil and gas company’s stock after selling 633 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Exxon Mobil were worth $1,151,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilson & Boucher Capital Management LLC raised its stake in shares of Exxon Mobil by 1.8% in the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 95 shares during the period. Sather Financial Group Inc grew its holdings in Exxon Mobil by 2.6% during the third quarter. Sather Financial Group Inc now owns 4,030 shares of the oil and gas company’s stock worth $352,000 after purchasing an additional 101 shares during the period. Klingman & Associates LLC grew its holdings in Exxon Mobil by 0.4% during the third quarter. Klingman & Associates LLC now owns 24,188 shares of the oil and gas company’s stock worth $2,112,000 after purchasing an additional 102 shares during the period. Diligent Investors LLC grew its holdings in Exxon Mobil by 1.9% during the third quarter. Diligent Investors LLC now owns 5,628 shares of the oil and gas company’s stock worth $491,000 after purchasing an additional 103 shares during the period. Finally, Global Strategic Investment Solutions LLC boosted its holdings in shares of Exxon Mobil by 2.4% during the third quarter. Global Strategic Investment Solutions LLC now owns 4,353 shares of the oil and gas company’s stock worth $380,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $110.47, for a total value of $276,175.00. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $2,801,850.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.04% of the company’s stock.
Exxon Mobil Trading Down 0.1 %
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating the consensus estimate of $3.88 by $0.57. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The firm had revenue of $112.07 billion during the quarter, compared to analyst estimates of $102.96 billion. During the same quarter last year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 51.9% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 13.87 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were given a dividend of $0.91 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, November 14th. Exxon Mobil’s dividend payout ratio is currently 29.71%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on XOM shares. Piper Sandler dropped their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Citigroup boosted their price objective on shares of Exxon Mobil from $98.00 to $110.00 in a research report on Tuesday, November 22nd. Credit Suisse Group boosted their target price on shares of Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Cowen boosted their price objective on shares of Exxon Mobil to $108.00 in a research note on Friday, November 4th. Finally, Jefferies Financial Group raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and upped their price target for the company from $90.00 to $133.00 in a research report on Wednesday, October 19th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.41.
Exxon Mobil Profile
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.
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