Exxon Mobil Co. (NYSE:XOM) Shares Sold by Baron Wealth Management LLC

Baron Wealth Management LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,980 shares of the oil and gas company’s stock after selling 92 shares during the quarter. Baron Wealth Management LLC’s holdings in Exxon Mobil were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Massachusetts Financial Services Co. MA grew its stake in Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA purchased a new position in Exxon Mobil during the 2nd quarter worth $980,210,000. International Assets Investment Management LLC grew its stake in Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares during the last quarter. Capital International Investors grew its stake in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on XOM shares. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. Truist Financial dropped their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Morgan Stanley lowered their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $120.33 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50 day simple moving average of $118.59 and a two-hundred day simple moving average of $116.42. The stock has a market capitalization of $528.86 billion, a P/E ratio of 14.99, a PEG ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. Exxon Mobil’s dividend payout ratio is 49.32%.

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.