Exxon Mobil Corporation $XOM Shares Bought by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP grew its stake in Exxon Mobil Corporation (NYSE:XOM) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 159,651 shares of the oil and gas company’s stock after buying an additional 12,453 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Exxon Mobil were worth $17,210,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Elequin Capital LP acquired a new position in Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its holdings 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 increased its holdings 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 purchasing an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $38,000. Finally, Bare Financial Services Inc boosted its holdings in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.5%

Shares of XOM opened at $116.52 on Monday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The stock has a market cap of $491.38 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.47 and a beta of 0.38. The firm’s fifty day moving average is $115.04 and its two-hundred day moving average is $111.75. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion for the quarter. Research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share 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. Stockholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. The ex-dividend date is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. Melius assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Wells Fargo & Company assumed coverage on Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Finally, Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company 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.