Baldwin Investment Management LLC Acquires 452 Shares of Exxon Mobil Co. (NYSE:XOM)

Baldwin Investment Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,310 shares of the oil and gas company’s stock after acquiring an additional 452 shares during the period. Exxon Mobil accounts for about 0.7% of Baldwin Investment Management LLC’s portfolio, making the stock its 14th largest position. Baldwin Investment Management LLC’s holdings in Exxon Mobil were worth $5,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth $39,000. POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $46,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XOM shares. Barclays lowered their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Trading Down 1.7 %

NYSE:XOM opened at $117.98 on Wednesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a market cap of $518.53 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 5.04 and a beta of 0.90. The company’s 50 day moving average price is $119.61 and its 200-day moving average price is $116.56. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.36%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.