Leigh Baldwin & CO. LLC Takes $120.96 Million Position in Exxon Mobil Co. (NYSE:XOM)

Leigh Baldwin & CO. LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, HoldingsChannel reports. The fund bought 1,209,619 shares of the oil and gas company’s stock, valued at approximately $120,962,000.

A number of other large investors have also made changes to their positions in XOM. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $47,000. Finally, Clarity Asset Management Inc. lifted its stake in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Mizuho dropped their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Truist Financial upped their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Exxon Mobil Stock Performance

Shares of XOM opened at $107.38 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company’s fifty day moving average is $108.97 and its 200-day moving average is $111.09. The firm has a market cap of $464.45 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is 52.52%.

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.