J. L. Bainbridge & Co. Inc. Sells 1,032 Shares of Exxon Mobil Co. (NYSE:XOM)

J. L. Bainbridge & Co. Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,848 shares of the oil and gas company’s stock after selling 1,032 shares during the quarter. J. L. Bainbridge & Co. Inc.’s holdings in Exxon Mobil were worth $483,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of XOM. Guardian Wealth Management Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $30,000. Horan Securities Inc. bought a new position in Exxon Mobil in the fourth quarter valued at approximately $31,000. West Bancorporation Inc. bought a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Nvwm LLC boosted its stake in Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 300 shares during the last quarter. Finally, Core Wealth Advisors Inc. boosted its stake in Exxon Mobil by 454.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 500 shares during the last quarter. 54.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $115.00 to $125.00 in a research note on Tuesday, June 21st. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $90.00 to $100.00 in a research report on Thursday, April 21st. Piper Sandler raised shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $102.00 to $109.00 in a research report on Tuesday, July 19th. Finally, Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $96.40.

Exxon Mobil Stock Down 4.2 %

Shares of XOM stock opened at $87.19 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Exxon Mobil Co. has a 1 year low of $52.10 and a 1 year high of $105.57. The firm’s fifty day moving average price is $91.11 and its two-hundred day moving average price is $85.81. The firm has a market capitalization of $367.29 billion, a P/E ratio of 9.54, a PEG ratio of 0.32 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion for the quarter, compared to analyst estimates of $111.67 billion. During the same period in the previous year, the business earned $1.10 EPS. The company’s revenue was up 70.8% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 12.24 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 4.04%. Exxon Mobil’s payout ratio is currently 38.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares in the company, valued at approximately $2,635,839.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. Insiders have sold 7,147 shares of company stock worth $698,858 in the last ninety days. Insiders own 0.04% of the company’s stock.

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.

Featured Stories

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.