Baugh & Associates LLC Sells 1,639 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 14th, 2023

Baugh & Associates LLC reduced its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,120 shares of the oil and gas company’s stock after selling 1,639 shares during the quarter. Exxon Mobil comprises about 2.4% of Baugh & Associates LLC’s portfolio, making the stock its 22nd largest position. Baugh & Associates LLC’s holdings in Exxon Mobil were worth $3,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Exxon Mobil by 94.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after buying an additional 19,230,872 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Exxon Mobil in the third quarter worth about $347,253,000. Dimensional Fund Advisors LP boosted its stake in shares of Exxon Mobil by 12.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock valued at $2,468,477,000 after purchasing an additional 3,094,957 shares in the last quarter. HighTower Trust Company N.A. acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $237,316,000. Finally, Barclays PLC grew its holdings in shares of Exxon Mobil by 70.9% during the 3rd quarter. Barclays PLC now owns 6,546,333 shares of the oil and gas company’s stock valued at $571,557,000 after purchasing an additional 2,716,651 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.5 %

Shares of Exxon Mobil stock opened at $115.77 on Friday. The stock’s 50-day moving average is $110.75 and its 200 day moving average is $108.55. Exxon Mobil Co. has a one year low of $79.29 and a one year high of $119.63. The firm has a market cap of $471.30 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 10.02 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is 27.45%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $140.00 to $135.00 in a research note on Thursday. Wells Fargo & Company boosted their price objective on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Mizuho increased their target price on Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Redburn Partners cut Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Finally, Argus raised their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

Exxon Mobil Profile

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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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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