Baker Tilly Wealth Management LLC Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Baker Tilly Wealth Management LLC raised its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 23.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,004 shares of the oil and gas company's stock after purchasing an additional 2,624 shares during the quarter. Exxon Mobil makes up about 0.7% of Baker Tilly Wealth Management LLC's portfolio, making the stock its 25th biggest holding. Baker Tilly Wealth Management LLC's holdings in Exxon Mobil were worth $1,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tallon Kerry Patrick acquired a new position in shares of Exxon Mobil during the fourth quarter worth $789,000. Union Bancaire Privee UBP SA acquired a new stake in Exxon Mobil in the 4th quarter valued at $48,348,000. Allen Capital Group LLC raised its stake in shares of Exxon Mobil by 7.5% in the fourth quarter. Allen Capital Group LLC now owns 25,502 shares of the oil and gas company's stock worth $2,743,000 after purchasing an additional 1,770 shares during the last quarter. Field & Main Bank lifted its position in shares of Exxon Mobil by 0.4% during the fourth quarter. Field & Main Bank now owns 23,495 shares of the oil and gas company's stock valued at $2,527,000 after purchasing an additional 95 shares in the last quarter. Finally, Orrstown Financial Services Inc. increased its position in shares of Exxon Mobil by 8.0% during the fourth quarter. Orrstown Financial Services Inc. now owns 13,268 shares of the oil and gas company's stock valued at $1,427,000 after acquiring an additional 980 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on XOM shares. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

XOM traded up $0.80 on Tuesday, hitting $103.85. The company had a trading volume of 19,189,540 shares, compared to its average volume of 15,569,945. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company's fifty day moving average price is $106.65 and its 200 day moving average price is $109.50. The stock has a market cap of $447.56 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

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 EPS for the quarter, beating 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 company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the firm posted $2.06 EPS. The company's quarterly revenue was up .1% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.81%. Exxon Mobil's payout ratio is 52.52%.

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.