Exxon Mobil Corporation (NYSE:XOM) Stock Holdings Raised by Baldwin Investment Management LLC

Baldwin Investment Management LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 11.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 55,648 shares of the oil and gas company’s stock after acquiring an additional 5,916 shares during the period. Exxon Mobil makes up 0.8% of Baldwin Investment Management LLC’s holdings, making the stock its 13th biggest holding. Baldwin Investment Management LLC’s holdings in Exxon Mobil were worth $6,618,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Werba Rubin Papier Wealth Management increased its position in shares of Exxon Mobil by 2.2% in the 1st quarter. Werba Rubin Papier Wealth Management now owns 14,443 shares of the oil and gas company’s stock worth $1,718,000 after purchasing an additional 308 shares during the last quarter. Atlas Legacy Advisors LLC increased its position in shares of Exxon Mobil by 7.4% in the 1st quarter. Atlas Legacy Advisors LLC now owns 4,271 shares of the oil and gas company’s stock worth $508,000 after purchasing an additional 295 shares during the last quarter. Abbot Financial Management Inc. increased its position in shares of Exxon Mobil by 7.4% in the 1st quarter. Abbot Financial Management Inc. now owns 6,516 shares of the oil and gas company’s stock worth $775,000 after purchasing an additional 449 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its position in shares of Exxon Mobil by 2.5% in the 1st quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 25,636 shares of the oil and gas company’s stock worth $3,049,000 after purchasing an additional 616 shares during the last quarter. Finally, Prosperity Consulting Group LLC increased its position in shares of Exxon Mobil by 11.8% in the 1st quarter. Prosperity Consulting Group LLC now owns 72,174 shares of the oil and gas company’s stock worth $8,584,000 after purchasing an additional 7,591 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $110.42 on Monday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $475.87 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The company has a 50-day moving average price of $108.75 and a two-hundred day moving average price of $109.05.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $2.06 earnings per share. Analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on XOM shares. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Piper Sandler boosted their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $125.42.

Exxon Mobil Company 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.