Baltimore Washington Financial Advisors Inc. Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Baltimore Washington Financial Advisors Inc. raised its position in Exxon Mobil Co. (NYSE:XOM) by 2.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,461 shares of the oil and gas company’s stock after purchasing an additional 235 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Exxon Mobil were worth $1,343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Vertex Planning Partners LLC increased its stake in shares of Exxon Mobil by 3.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after purchasing an additional 83 shares during the last quarter. Etfidea LLC boosted its holdings in Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares during the period. Bigelow Investment Advisors LLC boosted its holdings in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after buying an additional 86 shares during the period. Integral Investment Advisors Inc. boosted its holdings in Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after purchasing an additional 87 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $121.79 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market cap of $535.28 billion, a P/E ratio of 15.17, a PEG ratio of 5.10 and a beta of 0.90. The firm has a 50-day moving average of $119.39 and a 200 day moving average of $116.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. Exxon Mobil’s revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

The firm 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. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Redburn Atlantic restated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. TD Cowen upped their price target on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Company Profile

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.