Gerald Baker Financial Group LLC Makes New Investment in ExxonMobil Corporation $XOM

Gerald Baker Financial Group LLC bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 141,568 shares of the oil and gas company’s stock, valued at approximately $24,018,000. ExxonMobil makes up about 8.1% of Gerald Baker Financial Group LLC’s investment portfolio, making the stock its largest holding.

Other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC increased its stake in shares of ExxonMobil by 6.6% in the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after acquiring an additional 14,233 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in ExxonMobil by 2.3% during the fourth quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after acquiring an additional 23,668 shares in the last quarter. Clear Trail Advisors LLC bought a new position in ExxonMobil during the fourth quarter worth $28,728,000. Midwest Trust Co grew its holdings in ExxonMobil by 3.9% in the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after purchasing an additional 26,411 shares during the period. Finally, King Luther Capital Management Corp increased its stake in ExxonMobil by 2.4% in the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock valued at $200,366,000 after purchasing an additional 38,492 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on XOM shares. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. DZ Bank upgraded ExxonMobil to a “strong-buy” rating in a research note on Monday, July 6th. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the company a “neutral” rating in a research report on Friday, April 17th. Mizuho dropped their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.45.

ExxonMobil Price Performance

XOM stock opened at $148.50 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The business has a 50-day simple moving average of $145.76 and a two-hundred day simple moving average of $146.68. The company has a market capitalization of $615.50 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Research analysts expect that ExxonMobil Corporation will post 11.38 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

ExxonMobil Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.