Baltimore Washington Financial Advisors Inc. Acquires 162 Shares of Exxon Mobil Co. (NYSE:XOM)

Baltimore Washington Financial Advisors Inc. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,226 shares of the oil and gas company’s stock after purchasing an additional 162 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Exxon Mobil were worth $1,292,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kinsale Capital Group Inc. lifted its holdings in Exxon Mobil by 33.0% during the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after buying an additional 9,657 shares in the last quarter. Buckingham Capital Management Inc. raised its position in shares of Exxon Mobil by 24.4% during the fourth quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock worth $1,039,000 after acquiring an additional 2,040 shares during the last quarter. Cooksen Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $136,000. Mizuho Markets Americas LLC increased its position in Exxon Mobil by 37.8% in the fourth quarter. Mizuho Markets Americas LLC now owns 41,711 shares of the oil and gas company’s stock worth $4,170,000 after purchasing an additional 11,434 shares during the period. Finally, Scarborough Advisors LLC raised its holdings in Exxon Mobil by 720.2% during the 4th quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock worth $1,597,000 after purchasing an additional 14,030 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company dropped their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Truist Financial lowered their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.29.

Exxon Mobil Stock Down 0.2 %

NYSE:XOM opened at $117.94 on Tuesday. The company has a market cap of $465.04 billion, a PE ratio of 14.45, a PEG ratio of 4.70 and a beta of 0.91. The stock has a 50-day simple moving average of $116.00 and a 200 day simple moving average of $114.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.94 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.