Baugh & Associates LLC Sells 1,706 Shares of Exxon Mobil Co. (NYSE:XOM)

Baugh & Associates LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,939 shares of the oil and gas company’s stock after selling 1,706 shares during the quarter. Exxon Mobil makes up 2.4% of Baugh & Associates LLC’s holdings, making the stock its 23rd biggest holding. Baugh & Associates LLC’s holdings in Exxon Mobil were worth $4,561,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil during the 1st quarter worth $25,000. First Pacific Financial purchased a new position in Exxon Mobil during the 1st quarter valued at $34,000. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $46,000. Lynx Investment Advisory bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $47,000. Finally, Vima LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XOM. Wells Fargo & Company cut their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. HSBC raised their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Barclays cut their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.39.

Exxon Mobil Price Performance

NYSE:XOM traded up $0.96 during trading hours on Friday, hitting $118.85. The company’s stock had a trading volume of 12,151,867 shares, compared to its average volume of 17,399,568. The stock has a fifty day simple moving average of $114.17 and a 200-day simple moving average of $112.83. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a market capitalization of $468.63 billion, a P/E ratio of 14.56, a PEG ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. Exxon Mobil’s payout ratio is 46.57%.

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.