1,209,619 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Leigh Baldwin & CO. LLC

Leigh Baldwin & CO. LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,209,619 shares of the oil and gas company's stock, valued at approximately $120,962,000.

Several other hedge funds have also modified their holdings of the stock. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.3%

Shares of XOM traded up $0.29 on Tuesday, reaching $109.45. The company's stock had a trading volume of 13,348,367 shares, compared to its average volume of 15,574,648. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market capitalization of $471.69 billion, a PE ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average of $109.08 and a 200-day moving average of $111.00.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.62%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Barclays reduced their price objective on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday. HSBC dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil 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.