Baker Tilly Wealth Management LLC Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Baker Tilly Wealth Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 6.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,380 shares of the oil and gas company’s stock after selling 720 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Exxon Mobil were worth $1,224,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil in the second quarter valued at $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil during the 3rd quarter worth $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler reduced their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, BMO Capital Markets lifted their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Trading Down 0.0 %

Shares of XOM traded down $0.03 during trading hours on Friday, hitting $106.90. The company had a trading volume of 4,303,870 shares, compared to its average volume of 12,761,901. The firm has a market cap of $469.84 billion, a P/E ratio of 13.31, a P/E/G ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The stock’s 50 day moving average price is $113.66 and its 200 day moving average price is $115.69. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the company posted $2.27 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.70%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

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.