Baker Ellis Asset Management LLC Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Baker Ellis Asset Management LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,475 shares of the oil and gas company's stock after purchasing an additional 5,294 shares during the quarter. Exxon Mobil comprises 1.3% of Baker Ellis Asset Management LLC's holdings, making the stock its 23rd biggest position. Baker Ellis Asset Management LLC's holdings in Exxon Mobil were worth $8,738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares during the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $6,936,737,000. Northern Trust Corp increased its stake in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Trading Up 0.4%

NYSE XOM traded up $0.40 on Thursday, hitting $109.71. The company's stock had a trading volume of 17,447,260 shares, compared to its average volume of 15,625,469. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company's 50-day simple moving average is $105.14 and its 200 day simple moving average is $108.89. The firm has a market cap of $472.81 billion, a P/E ratio of 13.99, a PEG ratio of 3.02 and a beta of 0.49.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

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.