Kestra Private Wealth Services LLC Has $18.54 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Kestra Private Wealth Services LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 185,443 shares of the oil and gas company’s stock after purchasing an additional 12,706 shares during the period. Kestra Private Wealth Services LLC’s holdings in Exxon Mobil were worth $18,541,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Keener Financial Planning LLC bought a new stake in Exxon Mobil during the fourth quarter worth $80,000. Orion Capital Management LLC bought a new stake in Exxon Mobil during the third quarter worth $91,000. Authentikos Wealth Advisory LLC purchased a new position in Exxon Mobil in the third quarter worth $92,000. TFO Wealth Partners LLC boosted its position in Exxon Mobil by 118.5% in the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its position in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.51 during mid-day trading on Tuesday, reaching $119.13. 6,159,626 shares of the stock traded hands, compared to its average volume of 18,047,021. The stock has a market capitalization of $471.55 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96. 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 Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The business’s 50-day moving average is $113.65 and its 200-day moving average is $106.73.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter last year, the company posted $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analysts Set New Price Targets

Several research firms have weighed in on XOM. Scotiabank boosted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. UBS Group upped their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, HSBC upped their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $133.56.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.