Baker Avenue Asset Management LP Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Baker Avenue Asset Management LP lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,595 shares of the oil and gas company's stock after selling 9,076 shares during the quarter. Baker Avenue Asset Management LP's holdings in Exxon Mobil were worth $16,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WFA Asset Management Corp grew its stake in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company's stock worth $312,000 after purchasing an additional 414 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in shares of Exxon Mobil during the first quarter valued at $933,000. Empowered Funds LLC lifted its holdings in shares of Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company's stock valued at $107,591,000 after purchasing an additional 49,083 shares in the last quarter. Regency Capital Management Inc. DE lifted its holdings in shares of Exxon Mobil by 6.0% during the first quarter. Regency Capital Management Inc. DE now owns 3,520 shares of the oil and gas company's stock valued at $409,000 after purchasing an additional 200 shares in the last quarter. Finally, Fiduciary Family Office LLC lifted its holdings in shares of Exxon Mobil by 29.4% during the first quarter. Fiduciary Family Office LLC now owns 8,020 shares of the oil and gas company's stock valued at $932,000 after purchasing an additional 1,824 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Down 0.1 %

Shares of XOM stock traded down $0.12 on Tuesday, reaching $120.35. 11,970,917 shares of the company's stock were exchanged, compared to its average volume of 16,343,638. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $528.95 billion, a PE ratio of 14.99, a P/E/G ratio of 5.08 and a beta of 0.90. The company's fifty day simple moving average is $117.96 and its 200 day simple moving average is $116.32.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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%. Exxon Mobil's revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend 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 yield of 3.29%. Exxon Mobil's payout ratio is 47.32%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XOM shares. Mizuho increased their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Wolfe Research increased their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. TD Cowen lowered their target price on Exxon Mobil from $130.00 to $127.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Evercore ISI raised Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. Finally, Truist Financial cut their target price on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $129.95.

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.