Exxon Mobil Co. (NYSE:XOM) is Baxter Bros Inc.’s 5th Largest Position

Baxter Bros Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 281,233 shares of the oil and gas company’s stock after acquiring an additional 457 shares during the quarter. Exxon Mobil makes up about 4.0% of Baxter Bros Inc.’s holdings, making the stock its 5th largest position. Baxter Bros Inc.’s holdings in Exxon Mobil were worth $28,118,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. ARS Wealth Advisors Group LLC lifted its position in shares of Exxon Mobil by 6.6% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 143,509 shares of the oil and gas company’s stock valued at $14,348,000 after buying an additional 8,922 shares during the last quarter. Sapient Capital LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $4,814,000. Axxcess Wealth Management LLC lifted its stake in shares of Exxon Mobil by 12.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 142,510 shares of the oil and gas company’s stock valued at $14,248,000 after buying an additional 16,120 shares in the last quarter. Signature Resources Capital Management LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $458,000. Finally, Alterna Wealth Management Inc. bought a new position in Exxon Mobil in the 4th quarter worth approximately $365,000. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.24 during midday trading on Friday, hitting $116.00. The stock had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a market capitalization of $457.39 billion, a PE ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96. The firm’s fifty day moving average is $114.65 and its two-hundred day moving average is $106.96.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.83 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Ratings Changes

Several brokerages have commented on XOM. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Scotiabank increased their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. TD Cowen lifted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, HSBC increased their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.06.

Exxon Mobil Profile

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.