J. L. Bainbridge & Co. Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,548 shares of the oil and gas company’s stock after purchasing an additional 302 shares during the period. J. L. Bainbridge & Co. Inc.’s holdings in Exxon Mobil were worth $612,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in Exxon Mobil by 94.1% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after purchasing an additional 19,230,872 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after purchasing an additional 560,517 shares during the last quarter. Dimensional Fund Advisors LP grew its position in 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 worth $2,468,477,000 after purchasing an additional 3,094,957 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Exxon Mobil by 2.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,456,421 shares of the oil and gas company’s stock worth $1,087,570,000 after purchasing an additional 317,096 shares during the last quarter. Finally, Fayez Sarofim & Co grew its position in Exxon Mobil by 1.9% in the 3rd quarter. Fayez Sarofim & Co now owns 10,717,955 shares of the oil and gas company’s stock worth $935,784,000 after purchasing an additional 196,344 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
XOM has been the topic of several recent research reports. Mizuho lifted their target price on shares of Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. StockNews.com initiated coverage on shares of Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating on the stock. B. Riley lifted their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Cowen lifted their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research report on Thursday, February 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $121.91.
Insider Buying and Selling
Exxon Mobil Stock Performance
XOM stock opened at $116.05 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The company has a 50 day moving average price of $110.92 and a 200 day moving average price of $108.82. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The stock has a market capitalization of $472.44 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the previous year, the company posted $2.05 EPS. Exxon Mobil’s revenue was up 12.3% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 10 EPS for the current year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.14%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.
Exxon Mobil Profile
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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