Bailard Inc. Boosts Stock Holdings in Exxon Mobil Corporation $XOM

Bailard Inc. grew its position in Exxon Mobil Corporation (NYSE:XOM) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 47,627 shares of the oil and gas company’s stock after buying an additional 1,539 shares during the quarter. Bailard Inc.’s holdings in Exxon Mobil were worth $5,134,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Eagle Capital Management LLC grew its stake in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares in the last quarter. Brucke Financial Inc. boosted its holdings in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares during the last quarter. Castlekeep Investment Advisors LLC grew its position in shares of Exxon Mobil by 10.8% in the first quarter. Castlekeep Investment Advisors LLC now owns 11,389 shares of the oil and gas company’s stock valued at $1,354,000 after purchasing an additional 1,111 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Exxon Mobil by 8.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company’s stock valued at $2,409,106,000 after purchasing an additional 1,550,248 shares during the last quarter. Finally, Firestone Capital Management lifted its position in Exxon Mobil by 21.3% during the first quarter. Firestone Capital Management now owns 23,053 shares of the oil and gas company’s stock worth $2,742,000 after buying an additional 4,049 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Piper Sandler lifted their price target on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday. Barclays lowered their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Bank of America raised their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, UBS Group boosted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.67.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.4%

Shares of XOM stock opened at $118.11 on Thursday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The firm has a market cap of $498.08 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a 50-day moving average of $113.75 and a two-hundred day moving average of $110.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion for the quarter. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is presently 59.88%.

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.