Baxter Bros Inc. Sells 3,348 Shares of Exxon Mobil Corporation $XOM

Key Points

• Baxter Bros Inc. reduced its holdings in Exxon Mobil by 1.2%, selling 3,348 shares, leaving them with 274,608 shares, which represent approximately 3.6% of their portfolio.
• Institutional investors currently own 61.80% of Exxon Mobil's stock, highlighting significant interest among major financial entities.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, resulting in an annualized dividend of $3.96, with a yield of 3.6% based on the most recent stock price.

Baxter Bros Inc. decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,608 shares of the oil and gas company's stock after selling 3,348 shares during the period. Exxon Mobil accounts for approximately 3.6% of Baxter Bros Inc.'s portfolio, making the stock its 5th biggest holding. Baxter Bros Inc.'s holdings in Exxon Mobil were worth $29,603,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in XOM. Nuveen LLC acquired a new position in Exxon Mobil during the first quarter worth approximately $2,730,414,000. GQG Partners LLC increased its position in Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after buying an additional 10,004,975 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Exxon Mobil during the second quarter worth approximately $607,621,000. Ameriprise Financial Inc. increased its position in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Exxon Mobil by 72.5% during the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock worth $598,280,000 after buying an additional 2,332,293 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on Friday, August 22nd. The stock was 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 directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Thursday. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. Finally, UBS Group lifted their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.95.

Exxon Mobil Stock Down 1.8%

XOM opened at $110.93 on Friday. The business's fifty day moving average is $111.32 and its two-hundred day moving average is $109.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a market cap of $472.94 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.00 and a beta of 0.51. Exxon Mobil Corporation has a one year low of $97.80 and a one year 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 company 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%. Analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

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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