Exxon Mobil Co. (XOM) Position Lowered by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,643 shares of the oil and gas company’s stock after selling 172 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Exxon Mobil were worth $1,884,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in XOM. Massey Quick Simon & CO. LLC lifted its holdings in Exxon Mobil by 625.3% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 469 shares in the last quarter. Cerebellum GP LLC lifted its holdings in Exxon Mobil by 3,424.1% during the 4th quarter. Cerebellum GP LLC now owns 1,022 shares of the oil and gas company’s stock valued at $70,000 after buying an additional 993 shares in the last quarter. NuWave Investment Management LLC lifted its holdings in Exxon Mobil by 9,100.0% during the 4th quarter. NuWave Investment Management LLC now owns 1,472 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 1,456 shares in the last quarter. Colrain Capital LLC bought a new stake in Exxon Mobil during the 4th quarter valued at about $101,000. Finally, CenterStar Asset Management LLC lifted its holdings in Exxon Mobil by 120.3% during the 4th quarter. CenterStar Asset Management LLC now owns 1,539 shares of the oil and gas company’s stock valued at $105,000 after buying an additional 9,139 shares in the last quarter. 54.62% of the stock is owned by hedge funds and other institutional investors.

NYSE:XOM opened at $75.91 on Friday. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. The stock has a market capitalization of $323.61 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.59 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The business had revenue of $63.63 billion during the quarter, compared to the consensus estimate of $67.35 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 3.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be issued a $0.87 dividend. The ex-dividend date is Friday, May 10th. This represents a $3.48 annualized dividend and a dividend yield of 4.58%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. Exxon Mobil’s payout ratio is currently 70.59%.

A number of brokerages recently weighed in on XOM. HSBC reiterated a “buy” rating and set a $86.50 price objective on shares of Exxon Mobil in a report on Wednesday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a report on Friday, April 26th. Goldman Sachs Group reiterated a “hold” rating and set a $80.00 price objective on shares of Exxon Mobil in a report on Monday, April 29th. Morgan Stanley began coverage on shares of Exxon Mobil in a report on Monday, April 1st. They set an “equal weight” rating and a $84.00 price objective for the company. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $84.29.

In other news, VP Bryan W. Milton sold 6,033 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the sale, the vice president now owns 219,423 shares in the company, valued at approximately $16,750,751.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.05% of the company’s stock.

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Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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