Baldwin Wealth Partners LLC MA Cuts Position in Exxon Mobil Corporation $XOM

Key Points

• Baldwin Wealth Partners LLC MA reduced its stake in Exxon Mobil Corporation by 3.6% during Q2, now holding 131,833 shares valued at approximately $14.2 million.
• Exxon Mobil's quarterly dividend was recently paid at $0.99 per share, representing an annual yield of 3.6%, with a payout ratio of 56.25%.
• As of October 2023, Exxon Mobil has a market cap of $472.93 billion, with analysts rating it as a "Moderate Buy" and setting a consensus price target of $125.95.

Baldwin Wealth Partners LLC MA decreased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,833 shares of the oil and gas company's stock after selling 4,925 shares during the quarter. Exxon Mobil accounts for approximately 1.0% of Baldwin Wealth Partners LLC MA's portfolio, making the stock its 29th largest position. Baldwin Wealth Partners LLC MA's holdings in Exxon Mobil were worth $14,212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Security Advisor Inc. raised its position in Exxon Mobil by 3.6% in the second quarter. Financial Security Advisor Inc. now owns 40,800 shares of the oil and gas company's stock valued at $4,398,000 after purchasing an additional 1,413 shares during the period. Callan Family Office LLC raised its position in Exxon Mobil by 131.8% in the second quarter. Callan Family Office LLC now owns 76,155 shares of the oil and gas company's stock valued at $8,210,000 after purchasing an additional 43,306 shares during the period. Blair William & Co. IL increased its position in shares of Exxon Mobil by 1.2% during the second quarter. Blair William & Co. IL now owns 971,001 shares of the oil and gas company's stock worth $104,674,000 after acquiring an additional 11,127 shares during the period. Grand Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth $205,000. Finally, Rice Partnership LLC increased its position in shares of Exxon Mobil by 33.7% during the second quarter. Rice Partnership LLC now owns 7,041 shares of the oil and gas company's stock worth $759,000 after acquiring an additional 1,776 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.93 on Monday. The firm has a market capitalization of $472.93 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. The business's fifty day moving average price is $111.32 and its 200 day moving average price is $109.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XOM. Barclays cut their price objective on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Piper Sandler set a $141.00 price objective on Exxon Mobil in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.95.

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.

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