Baugh & Associates LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,959 shares of the oil and gas company’s stock after selling 291 shares during the quarter. Exxon Mobil comprises about 1.7% of Baugh & Associates LLC’s portfolio, making the stock its 28th biggest position. Baugh & Associates LLC’s holdings in Exxon Mobil were worth $2,970,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Minot Wealth Management LLC raised its stake in Exxon Mobil by 15.5% during the 1st quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock worth $3,378,000 after buying an additional 5,477 shares during the period. Revolve Wealth Partners LLC raised its stake in Exxon Mobil by 13.3% during the 1st quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock worth $467,000 after buying an additional 664 shares during the period. Home Federal Bank of Tennessee raised its stake in Exxon Mobil by 1.1% during the 1st quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock worth $1,170,000 after buying an additional 150 shares during the period. Leonard Rickey Investment Advisors PLLC raised its stake in Exxon Mobil by 7.1% during the 1st quarter. Leonard Rickey Investment Advisors PLLC now owns 7,256 shares of the oil and gas company’s stock worth $599,000 after buying an additional 481 shares during the period. Finally, Crestwood Advisors Group LLC raised its stake in Exxon Mobil by 19.4% during the 4th quarter. Crestwood Advisors Group LLC now owns 80,324 shares of the oil and gas company’s stock worth $4,915,000 after buying an additional 13,073 shares during the period. 54.07% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil stock opened at $87.55 on Friday. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57. The business has a fifty day moving average price of $91.57 and a 200-day moving average price of $81.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a market capitalization of $368.81 billion, a P/E ratio of 14.52, a PEG ratio of 0.35 and a beta of 1.05.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company had revenue of $90.50 billion during the quarter, compared to the consensus estimate of $83.57 billion. During the same period in the previous year, the business earned $0.65 earnings per share. Exxon Mobil’s revenue was up 53.0% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 10.26 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s payout ratio is currently 58.37%.
In other news, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.
XOM has been the subject of several analyst reports. Morgan Stanley increased their objective price on Exxon Mobil from $103.00 to $107.00 and gave the stock an “overweight” rating in a research note on Monday, June 6th. Citigroup increased their objective price on Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, May 19th. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their objective price for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group increased their objective price on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Finally, Royal Bank of Canada raised Exxon Mobil from a “sector performer” rating to an “outperform” rating and increased their objective price for the stock from $90.00 to $100.00 in a research note on Thursday, April 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $90.48.
About Exxon Mobil (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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