Baker Avenue Asset Management LP Has $15.36 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Baker Avenue Asset Management LP lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 142,764 shares of the oil and gas company's stock after buying an additional 4,169 shares during the quarter. Baker Avenue Asset Management LP's holdings in Exxon Mobil were worth $15,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of XOM. Principal Financial Group Inc. raised its holdings in shares of Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after purchasing an additional 521,932 shares during the period. Capital Market Strategies LLC boosted its holdings in Exxon Mobil by 1.1% in the fourth quarter. Capital Market Strategies LLC now owns 9,419 shares of the oil and gas company's stock worth $1,013,000 after acquiring an additional 102 shares in the last quarter. Bard Financial Services Inc. grew its stake in Exxon Mobil by 0.3% in the fourth quarter. Bard Financial Services Inc. now owns 85,400 shares of the oil and gas company's stock valued at $9,186,000 after acquiring an additional 250 shares during the period. Kozak & Associates Inc. increased its holdings in shares of Exxon Mobil by 4.0% during the fourth quarter. Kozak & Associates Inc. now owns 4,462 shares of the oil and gas company's stock valued at $481,000 after acquiring an additional 173 shares in the last quarter. Finally, Doliver Advisors LP raised its position in shares of Exxon Mobil by 1.2% during the fourth quarter. Doliver Advisors LP now owns 1,155,606 shares of the oil and gas company's stock worth $124,308,000 after purchasing an additional 13,359 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.4 %

Shares of XOM stock opened at $106.20 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $459.35 billion, a P/E ratio of 13.55, a PEG ratio of 3.02 and a beta of 0.51. The company has a 50 day moving average of $109.36 and a 200-day moving average of $111.67. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business posted $2.06 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.73%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of a number of recent research reports. Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, Mizuho cut their target price on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.50.

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.