Baird Financial Group Inc. Acquires 34,925 Shares of Exxon Mobil Co. (NYSE:XOM)

Baird Financial Group Inc. grew its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,392,252 shares of the oil and gas company's stock after purchasing an additional 34,925 shares during the period. Baird Financial Group Inc.'s holdings in Exxon Mobil were worth $149,765,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Accredited Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $55,000. Rockline Wealth Management LLC lifted its position in Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after buying an additional 1,498 shares in the last quarter. Renasant Bank boosted its stake in shares of Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after buying an additional 493 shares during the last quarter. Helen Stephens Group LLC grew its holdings in shares of Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock valued at $4,479,000 after acquiring an additional 2,825 shares in the last quarter. Finally, Hartford Funds Management Co LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $543,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $2.98 during trading on Monday, reaching $103.23. The company's stock had a trading volume of 19,616,856 shares, compared to its average volume of 15,735,967. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a market cap of $446.50 billion, a PE ratio of 13.17, a P/E/G ratio of 3.02 and a beta of 0.51. The business's 50-day moving average price is $109.24 and its 200-day moving average price is $111.49. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the business posted $2.06 EPS. The business's revenue was up .1% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on XOM. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Royal Bank of Canada dropped their target price on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $125.85.

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.