Bank Julius Baer & Co. Ltd Zurich Has $169,000 Stake in Exxon Mobil Corporation $XOM

Bank Julius Baer & Co. Ltd Zurich reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,564,291 shares of the oil and gas company’s stock after selling 93,408 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Exxon Mobil were worth $169,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of XOM. Elequin Capital LP bought a new position in shares of Exxon Mobil in the 1st quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd boosted 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 purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC grew its stake in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil in the second quarter worth approximately $38,000. Finally, 1248 Management LLC acquired a new position in Exxon Mobil in the first quarter valued at approximately $40,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.1%

Shares of NYSE XOM opened at $117.08 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a 50-day moving average price of $114.69 and a 200-day moving average price of $111.13. The stock has a market capitalization of $493.75 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

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

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is presently 59.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Barclays reduced their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Bank of America lifted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Finally, Piper Sandler upped their price target on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

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.