Bailard Inc. Has $3.33 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 25th, 2023

Bailard Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,155 shares of the oil and gas company’s stock after acquiring an additional 630 shares during the period. Bailard Inc.’s holdings in Exxon Mobil were worth $3,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of XOM. Price T Rowe Associates Inc. MD raised its holdings in Exxon Mobil by 94.1% during 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 shares of Exxon Mobil by 1.8% during 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 buying an additional 560,517 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Exxon Mobil by 12.3% during the third 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 buying an additional 3,094,957 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Exxon Mobil by 2.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,456,421 shares of the oil and gas company’s stock valued at $1,087,570,000 after buying an additional 317,096 shares during the period. Finally, Fayez Sarofim & Co boosted its stake in Exxon Mobil by 1.9% in the third quarter. Fayez Sarofim & Co now owns 10,717,955 shares of the oil and gas company’s stock valued at $935,784,000 after acquiring an additional 196,344 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on XOM. Piper Sandler cut their price target on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, April 20th. Truist Financial raised their target price on Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. StockNews.com initiated coverage on Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating for the company. B. Riley lifted their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, Cowen upped 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 note on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.61.

Exxon Mobil Trading Up 1.9 %

Shares of NYSE:XOM opened at $118.20 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 12 month low of $79.29 and a 12 month high of $119.63. The company’s fifty day simple moving average is $111.05 and its 200 day simple moving average is $110.07. The firm has a market cap of $479.81 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.54 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $90.21 billion. During the same period in the previous year, the business earned $2.05 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Co. will post 9.9 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.08%. Exxon Mobil’s payout ratio is currently 27.45%.

About Exxon Mobil

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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.