Bank Julius Baer & Co. Ltd Zurich Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,112,782 shares of the oil and gas company's stock after purchasing an additional 22,960 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Exxon Mobil were worth $111,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Orion Capital Management LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $91,000. Authentikos Wealth Advisory LLC purchased a new position in Exxon Mobil during the third quarter valued at approximately $92,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $80,000. Sumitomo Mitsui Financial Group Inc. grew its holdings in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company's stock valued at $106,000 after purchasing an additional 792 shares during the period. Finally, TFO Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 118.5% in the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company's stock worth $104,000 after acquiring an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on XOM shares. Wells Fargo & Company lifted their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Piper Sandler boosted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, April 18th. TD Cowen boosted their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Truist Financial upped their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Finally, Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a research report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $132.28.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Down 2.8 %

XOM stock traded down $3.37 during midday trading on Friday, hitting $117.96. The company's stock had a trading volume of 26,679,557 shares, compared to its average volume of 18,214,783. The stock has a market capitalization of $466.92 billion, a P/E ratio of 13.11, a PEG ratio of 4.16 and a beta of 0.96. The company's fifty day moving average price is $113.04 and its 200 day moving average price is $106.62. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter last year, the company posted $2.83 EPS. The firm's quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil's dividend payout ratio is currently 42.74%.

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.

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