Baldwin Investment Management LLC Grows Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Baldwin Investment Management LLC increased its holdings in Exxon Mobil by **11.9%**, owning **55,648 shares** valued at **$6.6 million**, making it the firm's **13th largest position**.
• Exxon Mobil's recent earnings report showed an **EPS of $1.76**, exceeding analyst expectations, with a **revenue of $83.13 billion**, although slightly below the forecast of **$86.11 billion**.
• The company declared a quarterly dividend of **$0.99**, resulting in an annualized yield of **3.59%**, with a payout ratio currently at **52.52%**.

Baldwin Investment Management LLC grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,648 shares of the oil and gas company's stock after buying an additional 5,916 shares during the period. Exxon Mobil makes up 0.8% of Baldwin Investment Management LLC's portfolio, making the stock its 13th largest position. Baldwin Investment Management LLC's holdings in Exxon Mobil were worth $6,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Quantinno Capital Management LP lifted its stake in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $55,000. Journey Strategic Wealth LLC lifted its stake in Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after purchasing an additional 1,379 shares during the last quarter. Legacy Trust raised its holdings in Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after acquiring an additional 997 shares during the period. Finally, Hartford Funds Management Co LLC raised its holdings in Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after acquiring an additional 2,617 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Piper Sandler raised their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Trading Down 0.0%

Shares of XOM traded down $0.05 during trading hours on Thursday, reaching $111.85. 7,236,375 shares of the company traded hands, compared to its average volume of 16,740,814. The company's fifty day moving average price is $109.17 and its two-hundred day moving average price is $109.13. The company has a market capitalization of $482.04 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 9.49% and a return on equity of 12.06%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 earnings per share. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil's payout ratio is presently 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.