Bailard Inc. Purchases 445 Shares of Exxon Mobil Corporation (NYSE:XOM)

Bailard Inc. grew its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,088 shares of the oil and gas company’s stock after acquiring an additional 445 shares during the period. Bailard Inc.’s holdings in Exxon Mobil were worth $5,481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the first quarter worth $29,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil in the first quarter worth about $45,000. Finally, Clarity Asset Management Inc. grew its stake in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $111.73 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a fifty day moving average price of $108.65 and a 200 day moving average price of $108.96. 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 firm has a market capitalization of $481.51 billion, a P/E ratio of 14.82, a PEG ratio of 2.09 and a beta of 0.50.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the business earned $2.06 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Piper Sandler upped their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Morgan Stanley reiterated an “overweight” rating on shares of Exxon Mobil in a research report on Tuesday. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $125.42.

About Exxon Mobil

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.