Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Leigh Baldwin & CO. LLC

Key Points

• Leigh Baldwin & CO. LLC has reduced its stake in Exxon Mobil by 28.9% in Q1, now owning 7,995 shares valued at approximately $951,000.
• Exxon Mobil's recent earnings report showed an EPS of $1.64, surpassing expectations, with revenues totaling $81.51 billion despite a year-over-year decline.
• The company announced a quarterly dividend of $0.99 per share, reflecting an annual yield of 3.7% and a payout ratio of 56.25%.

Leigh Baldwin & CO. LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 28.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,995 shares of the oil and gas company's stock after selling 3,250 shares during the quarter. Leigh Baldwin & CO. LLC's holdings in Exxon Mobil were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in XOM. XTX Topco Ltd acquired a new position in Exxon Mobil in the fourth quarter worth $552,000. Advisory Research Inc. boosted its holdings in shares of Exxon Mobil by 1.8% during the fourth quarter. Advisory Research Inc. now owns 8,786 shares of the oil and gas company's stock valued at $945,000 after acquiring an additional 156 shares during the period. Demars Financial Group LLC boosted its holdings in shares of Exxon Mobil by 10,659.0% during the fourth quarter. Demars Financial Group LLC now owns 201,517 shares of the oil and gas company's stock valued at $21,677,000 after acquiring an additional 199,644 shares during the period. Capital Square LLC boosted its holdings in shares of Exxon Mobil by 5.8% during the fourth quarter. Capital Square LLC now owns 15,488 shares of the oil and gas company's stock valued at $1,683,000 after acquiring an additional 844 shares during the period. Finally, First Commonwealth Financial Corp PA boosted its holdings in shares of Exxon Mobil by 5.6% during the fourth quarter. First Commonwealth Financial Corp PA now owns 12,324 shares of the oil and gas company's stock valued at $1,326,000 after acquiring an additional 652 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $107.48 on Friday. The company's 50-day moving average price is $110.21 and its two-hundred day moving average price is $108.89. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market cap of $458.23 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.14 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. TD Cowen lifted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Piper Sandler lifted their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $125.26.

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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