Baker Avenue Asset Management LP Boosts Stake in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Baker Avenue Asset Management LP increased its stake in Exxon Mobil by 3.1%, bringing its total holdings to 147,198 shares valued at approximately $17.5 million.
• Exxon Mobil's stock received positive ratings from several analysts, with a consensus target price of $125.42 and a recommendation of "Moderate Buy."
• The company recently announced a quarterly dividend of $0.99, yielding 3.5%, and the dividend payout ratio currently stands at 52.52%.

Baker Avenue Asset Management LP lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,198 shares of the oil and gas company's stock after purchasing an additional 4,434 shares during the period. Baker Avenue Asset Management LP's holdings in Exxon Mobil were worth $17,506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $32,000. Cloud Capital Management LLC acquired a new position in shares of Exxon Mobil during the first quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. lifted its position in shares of Exxon Mobil by 29.7% in the fourth 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.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Piper Sandler increased their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Stock Performance

NYSE XOM opened at $111.90 on Friday. The stock has a fifty day simple moving average of $109.35 and a 200-day simple moving average of $109.15. 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 $482.25 billion, a PE ratio of 14.84, a P/E/G ratio of 2.10 and a beta of 0.50. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.

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