Baldwin Brothers LLC MA boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 385.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,752 shares of the oil and gas company’s stock after buying an additional 150,629 shares during the period. Exxon Mobil makes up about 1.9% of Baldwin Brothers LLC MA’s investment portfolio, making the stock its 11th largest position. Baldwin Brothers LLC MA’s holdings in Exxon Mobil were worth $20,930,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Karp Capital Management Corp bought a new position in Exxon Mobil during the third quarter valued at about $28,000. Clear Perspectives Financial Planning LLC grew its holdings in shares of Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 272 shares in the last quarter. Align Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake in shares of Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in Exxon Mobil in the third quarter worth $44,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.
Exxon Mobil Trading Up 0.5 %
Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 10.02 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio is 27.45%.
Wall Street Analysts Forecast Growth
XOM has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $140.00 to $135.00 in a research report on Thursday. Cowen lifted their price objective on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Argus increased their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Finally, Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. 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’s stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $121.91.
About Exxon Mobil
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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