Baer Investment Advisory LLC Takes Position in ExxonMobil Corporation $XOM

Baer Investment Advisory LLC purchased a new position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,326 shares of the oil and gas company’s stock, valued at approximately $1,752,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC grew 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 buying an additional 14,233 shares during the period. Roberts Capital Advisors LLC bought a new position in ExxonMobil in the third quarter worth approximately $1,240,000. Sanctuary Advisors LLC grew its stake in ExxonMobil by 2.3% in the fourth quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock valued at $126,166,000 after acquiring an additional 23,668 shares during the period. Clear Trail Advisors LLC acquired a new stake in ExxonMobil in the 4th quarter valued at $28,728,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in ExxonMobil in the 3rd quarter valued at $67,907,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

NYSE XOM opened at $141.66 on Wednesday. The company has a fifty day moving average price of $146.94 and a 200-day moving average price of $145.11. The firm has a market cap of $587.17 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 0.57 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same period last year, the firm earned $1.76 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts predict that ExxonMobil Corporation will post 11.9 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. Morgan Stanley dropped their price objective on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Sanford C. Bernstein decreased their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Mizuho upped their target price on shares of ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Jefferies Financial Group raised their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, TD Cowen cut their price target on ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.70.

Read Our Latest Stock Report on XOM

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ExxonMobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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