Bradyco Inc. Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Bradyco Inc. reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,761 shares of the oil and gas company’s stock after selling 900 shares during the period. Exxon Mobil accounts for approximately 2.2% of Bradyco Inc.’s holdings, making the stock its 10th biggest position. Bradyco Inc.’s holdings in Exxon Mobil were worth $2,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Geode Capital Management LLC grew its holdings in Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $6,936,737,000. Northern Trust Corp boosted its position in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.4%

Exxon Mobil stock opened at $109.71 on Friday. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $472.81 billion, a PE ratio of 13.99, a P/E/G ratio of 3.02 and a beta of 0.49. The firm’s 50 day moving average price is $105.28 and its two-hundred day moving average price is $108.82.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the company posted $2.06 EPS. Exxon Mobil’s revenue was up .1% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil 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.