Keystone Wealth Services LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 10.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,728 shares of the oil and gas company’s stock after purchasing an additional 4,950 shares during the period. Exxon Mobil makes up 1.9% of Keystone Wealth Services LLC’s investment portfolio, making the stock its 10th largest holding. Keystone Wealth Services LLC’s holdings in Exxon Mobil were worth $5,955,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC grew its stake in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after buying an additional 199 shares during the period. Dupree Financial Group LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $378,000. Intact Investment Management Inc. lifted its position in shares of Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after buying an additional 47,400 shares during the last quarter. AJOVista LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $312,000. Finally, Kinsale Capital Group Inc. lifted its position in shares of Exxon Mobil by 33.0% in the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after buying an additional 9,657 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.
Exxon Mobil Stock Up 0.8 %
Shares of NYSE XOM traded up $0.96 during trading hours on Friday, hitting $118.85. The company had a trading volume of 12,151,867 shares, compared to its average volume of 17,399,568. The stock has a market capitalization of $468.63 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm’s 50 day moving average is $114.17 and its 200-day moving average is $112.83.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on XOM. Sanford C. Bernstein cut their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Eight investment 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.39.
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.